Vodacom acquires additional stake in Vodafone Egypt


By Arab Finance Published: January 20, 2023 10:49 AM

Vodacom Group has acquired an additional stake of 0.02%, equivalent to 49,493 shares, in Vodafone Egypt from minority shareholders for €‎17.92 per share after the subscription period for its offer expired yesterday, according to a statement filed to the Egyptian exchange.

In December, the South African subsidiary of Vodafone Group had submitted an offer to acquire up to 0.05% of the company from minority shareholders while acquiring the 55% from the parent company.


On December 13th, Vodafone Group concluded the transfer of its 55% shareholding in Vodafone Egypt to its South African subsidiary Vodacom Group.


Arab Finance


Head of Solutions Mapping (NOB)

Previous article

TeamApt, an African banking platform has relaunched as Moniepoint

Next article

You may also like


Comments are closed.