QIA close to acquire up to 30% of Vodafone Egypt

Reuters Images

Qatar Investment Authority (QIA) is close to acquiring a 25-30% stake in Vodafone Egypt, through Doha-based telecom company Ooredoo

Staff Writer, Arab Finance

June 8, 2023

PHOTO

Qatar Investment Authority (QIA) is close to acquiring a 25-30% stake in Vodafone Egypt, through Doha-based telecom company Ooredoo, Al Mal reported on June 7th, citing unnamed sources familiar with the matter.

In January, Vodacom Group acquired an additional stake of 0.02%, equivalent to 49,493 shares, in Vodafone Egypt from minority shareholders for €‎17.92 per share.

In December 2022, Vodafone Group concluded the transfer of its 55% shareholding in Vodafone Egypt to its South African subsidiary Vodacom Group.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO