e& Completes Vodafone Stake Transfer; Receives AED21.5 Billion in Cash Proceeds
e& is also set to receive on July 30 the remaining consideration of 2.02 GBX per share, equivalent to AED0.4 billion (US$110 million), related to Vodafone’s 2026 final dividend.
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Abu Dhabi-based telco group e& has completed the transfer of its entire stake in Vodafone, generating gross cash proceeds of AED21.5 billion (US$5.84 billion).
The transfer involved 3,944,743,685 ordinary shares in Vodafone to BNPP Financial Markets, Crédit Agricole Corporate and Investment Bank, and Société Générale, according to e&. The proceeds represent around 110.5 GBX per share.
The completion follows e&’s announcement on July 10 that it had signed a binding agreement with Vega, an acquisition vehicle wholly owned by the Niel family group, to sell its entire holding in Vodafone.
e& is also set to receive on July 30 the remaining consideration of 2.02 GBX per share, equivalent to AED0.4 billion (US$110 million), related to Vodafone’s 2026 final dividend. This will bring the total consideration for the transaction to AED21.9 billion (US$5.95 billion), generating a net cash return of AED4.8 billion (US$1.3 billion), according to the company.
Vodafone is one of the largest telecommunications company in Europe and Africa, headquartered in the UK.
Related: e& Reports 15.1% Revenue Growth in Q1 2026, Net Profit Reaches AED2.9 Billion
Abu Dhabi-based telco group e& has completed the transfer of its entire stake in Vodafone, generating gross cash proceeds of AED21.5 billion (US$5.84 billion).
The transfer involved 3,944,743,685 ordinary shares in Vodafone to BNPP Financial Markets, Crédit Agricole Corporate and Investment Bank, and Société Générale, according to e&. The proceeds represent around 110.5 GBX per share.
The completion follows e&’s announcement on July 10 that it had signed a binding agreement with Vega, an acquisition vehicle wholly owned by the Niel family group, to sell its entire holding in Vodafone.
e& is also set to receive on July 30 the remaining consideration of 2.02 GBX per share, equivalent to AED0.4 billion (US$110 million), related to Vodafone’s 2026 final dividend. This will bring the total consideration for the transaction to AED21.9 billion (US$5.95 billion), generating a net cash return of AED4.8 billion (US$1.3 billion), according to the company.
Vodafone is one of the largest telecommunications company in Europe and Africa, headquartered in the UK.
Related: e& Reports 15.1% Revenue Growth in Q1 2026, Net Profit Reaches AED2.9 Billion
