e& announced the successful completion of the sale of its entire stake in Vodafone Group, with the transaction generating a total consideration of USD 5.95 billion (AED 21.9 billion).
The company confirmed that it has transferred approximately 3.94 billion Vodafone shares and received AED 21.5 billion (USD 5.84 billion) from the sale, with an additional AED 0.4 billion (USD 0.11 billion) expected from Vodafone’s FY2026 final dividend, bringing the total proceeds to AED 21.9 billion (USD 5.95 billion).
Key highlights:
• Successfully completed the sale of its Vodafone stake
• Total transaction value of AED 21.9 billion (USD 5.95 billion)
• Received AED 21.5 billion from the share sale
• Additional AED 0.4 billion to be received through Vodafone’s FY2026 final dividend
• Generated a net cash return of approximately AED 4.8 billion (USD 1.3 billion)
Transaction details:
• Approximately 3.94 billion Vodafone shares transferred
• Shares sold at approximately 110.5 GBX per share
• Final dividend of 2.02 GBX per share payable on 30 July 2026
According to e&, the completed transaction represents the full disposal of its investment in Vodafone and further strengthens the Group’s financial flexibility for future strategic growth opportunities.
Source: e&
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.
