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Vodacom acquires additional stake in Vodafone Egypt

Vodacom acquires additional stake in Vodafone Egypt

Arab Finance: Vodacom Group has acquired an additional stake of 0.02%, equivalent to 49,493 shares, in Vodafone Egypt from minority shareholders for €‎17.92 per share after the subscription period for its offer expired yesterday, according to a statement filed to the Egyptian exchange.

In December, the South African subsidiary of Vodafone Group had submitted an offer to acquire up to 0.05% of the company from minority shareholders while acquiring the 55% from the parent company.

On December 13th, Vodafone Group concluded the transfer of its 55% shareholding in Vodafone Egypt to its South African subsidiary Vodacom Group.

 

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