e& Increases its Stake to 12% in Vodafone
The UAE telecommunication giant, e& has reportedly increased its stake in the Vodafone Group.
Reportedly, e& now holds 12% of the shares which come out to be more than 3.272 Billion shares.
Executed at what we believe is an attractive valuation, the investment rationale is unchanged from our announcement on 14th of May 2022, specifically to obtain significant exposure to a global leader, and leverage potential commercial partnership and realise future return on our investment.
Statement by e&
