Vodacom acquires 55% of Vodafone Egypt for R48 billion

Jan

Jan

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Vodacom buys majority stake in Vodafone Egypt for R48 billion

The Vodacom Group has officially completed its purchase of a 55% stake in Vodafone Egypt in a deal valued at R48.1 billion, the company has announced.

The purchase was settled through the issuance of almost 242 million new Vodacom Group shares and a cash payment of R10.8 billion.
 
rvZA

rvZA

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Great news! Vodacom knows where to invest their money correctly. Maybe time for me to stock up on their shares.
 
Polymathic

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So did they buy the shares from their parent company Vodafone or did they buyout the last other partner?
 
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Pak Fa Fui

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Writing on the wall of etisalat wants to buy vodacom, if etisalat buy vodacom, they will want part of Vodafone owned African partners
 
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fismail

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Polymathic said:
So did they buy the shares from their parent company Vodafone or did they buyout the last other partner?
Click to expand...

News releases | Vodacom Group

www.vodacom.com www.vodacom.com

Above link explains it more simply , to me at least

Long story short , Vodacom Group bought out Vodafone Group PLC stake in Vodafone Egypt
Vodacom now has management control of VF Egypt and will report on Egypt in its financial statements etc
As a result of this more responsibility Vodafone Group PLC now has a higher shareholding in Vodacom Group
Long story short it seems maybe South Africa can better manage things in Egypt than the Londoners can and this purchase cements that
 
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