-+ 0.00%
-+ 0.00%
-+ 0.00%
UAE's e& Closes AED22 Billion Vodafone Stake Sale
Share
Listen to the news
08:35 AM EDT, 07/17/2026 (MT Newswires) -- Emirates Telecommunications Group Co. (ADX:EAND), d/b/a e&, said Friday it completed the sale of its stake in Vodafone Group (VOD.L). The Emirati telecommunications company transferred its entire holdings of 3,944,743,685 Vodafone shares to the counterparty banks of the Niel family group's acquisition vehicle, Vega, for 21.5 billion Emirati dirhams. E& will also receive Vodafone's full-year 2026 final dividend of 0.0202 pound sterling per share, bringing the total consideration to 21.9 billion dirhams. E& secured a net cash return of 4.8 billion dirhams from the sale.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending