Uae Pays 4 4 Billion For 9 8 Of Vodafone Company Has No Plans To Make An Offer For The Remaining Vodafone Company
With this stake, UAE becomes Vodafone’s largest single shareholder. As the Middle Eastern technology company aspires to expand globally, Emirates Telecommunications Group Company PJSC purchased a 9.8% interest in Vodafone Group Plc for $4.4 billion. According to Bloomberg calculations, the company, once known as Etisalat Group and now rebranded as e&, offered around 130 pence ($1.59) per share for the holding. This is a 10% premium over Vodafone’s Friday closing price of 117....