30th Jun 2026 11:50
Vodafone Group PLC -Berkshire, England-based telecommunications provider - Subsidiary Vodacom Group Ltd completes the acquisition of an effective 20% stake in Safaricom PLC, increasing its holding to 55%, following the announcement in December. Vodacom acquired a 15% stake from the government of Kenya for KES204 billion, equivalent to EUR1.36 billion, and a further 5% from Vodafone for KES68 billion, or EUR450 million. Following completion, Safaricom will be fully consolidated by both Vodacom and Vodafone, giving them controlling ownership of the Nairobi-based telecommunications and financial services company.
Vodafone stock price: 102.64 pence, down 0.8% on Tuesday in London
12-month change: up 32%
Vodacom stock price: ZAR150.36, up 0.3% on Tuesday in Johannesburg
12-month change: up 10%
By Eva Castanedo, Alliance News reporter
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