17th Jul 2026 07:00
Vodafone Group PLC - Berkshire, England-based telecommunications provider - Vega, an investment vehicle established to hold shares in Vodafone, and owned by the family of investor Xavier Niel, says on Thursday that its counterparty banks will proceed with the purchase of Emirates Telecommunications Group Co PJSC's, or e&'s, entire stake in Vodafone. This comprises 3.94 billion shares, representing 16.21% of Vodafone's share capital and 17.13% of its voting rights, at 110.48 pence per share. Says the transaction will be settled in the near future. Vega has also entered into another financial instrument relating to a further 2.74% of voting rights. Following the receipt of customary regulatory approvals and the settlement of the financial instruments, Vega will be entitled to receive shares representing approximately 18.80% of Vodafone's share capital, and 19.87% of its voting rights, in total. Read More