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UAE's E& to sell Vodafone stake to French telecoms tycoon Niel for nearly $6 billion
UAE's E& agreed to sell its stake in Vodafone to a French telecoms tycoon for nearly $6 billion. The transaction involves a major telecommunications holding and a European operator.
Jul 10, 3:45 AM·1m read2 sources
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UAE's E& agreed to sell its stake in Vodafone to a French telecoms tycoon for nearly $6 billion. The transaction covers the UAE operator's holding in the British-based telecommunications company. Terms place the sale price at nearly $6 billion.
Transaction details The buyer is identified as a French telecoms tycoon.
The seller is UAE's E&, the state-linked telecommunications group. No timeline for closing or regulatory approvals was disclosed in the announcement. The deal marks a change in ownership for the Vodafone shares held by the UAE entity.
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CorroborationModerate · 2 sources
