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French billionaire becomes Vodafone’s largest shareholder with £4.4bn stake

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Xavier Niel buys 16% through investment vehicle Vega after Emirati telecoms group e& sells shareholdingThe French telecoms billionaire Xavier Niel has become Vodafone’s largest shareholder after buying a 16% stake for £4.4bn. On Friday the Emirati telecoms group e&, which first took a stake worth £3.3bn in Vodafone in 2022, announced the sale of its entire shareholding for 112.5p a share.

Xavier Niel buys 16% through investment vehicle Vega after Emirati telecoms group e& sells shareholding

The French telecoms billionaire Xavier Niel has become Vodafone’s largest shareholder after buying a 16% stake for £4.4bn.

On Friday the Emirati telecoms group e&, which first took a stake worth £3.3bn in Vodafone in 2022, announced the sale of its entire shareholding for 112.5p a share.

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French (ORG) Vodafone (ORG) Xavier Niel (PERSON) Vega (PERSON) Emirati (ORG) shareholdingThe French (ORG) £3.3bn (ORG)
Originally published by The Guardian World Read original →