The transaction involves the sale of 3,944,743,685 ordinary shares at a price of 112.5 GBp per share. This valuation includes 110.5 GBp in cash from the buyer and the final FY26 dividend of 2.02 GBp per share, slated for payout on July 30, 2026. To facilitate the transfer, the shares will move through off-market block trades to three financial institutions, serving as intermediaries until Vega satisfies all regulatory requirements.
Emirates Telecommunications Group Divests Entire 16.21% Vodafone Stake
Abu Dhabi’s e& is offloading its 16.21% stake in Vodafone to Vega, an acquisition vehicle controlled by the Niel family, for USD 5.95 billion. The move, which concludes a strategic review of the Emirati group's international portfolio, marks a full exit from the British telecommunications giant.
Alongside the divestment, e& has terminated its formal Relationship Agreement with Vodafone, and the company's board representative has resigned from his non-executive director post. For e&, the deal results in a net cash return of approximately AED 4.7 billion, or USD 1.3 billion. The group, which operates across 38 countries, intends to utilize the proceeds to sharpen its focus on its core digital infrastructure and enterprise solutions across the Middle East, Asia, and Africa.
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