e& Sells Vodafone Stake for $5.95 Billion in Strategic Portfolio Move
Summary
e& has agreed to sell its entire 16.21% stake in Vodafone to Vega in a deal worth about $5.95 billion. The company ended its strategic cooperation agreement with Vodafone as part of a broader review of its international investment portfolio. Its board representative on Vodafone’s board resigned after the agreement was terminated. e& expects to receive cash proceeds from the share sale once the transaction completes and the regulatory conditions are met.
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Fintech & Banking
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ERP & Process Management
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