Technology7.02.2006
Vodafone has effective 84.3% interest in VenFin
Combined with the 30 252 460 ordinary shares held by Vodafone Group and the 35 506 352 VenFin B ordinary shares acquired from Rembrandt Trust, Vodafone group has an effective economic interest in VenFin of 84.3% and an effective voting interest of 90.8%.
In December last year, South Africa’s Competition Commission unconditionally recommended that the Tribunal approve the acquisition of VenFin by Vodafone, and the Competition Tribunal gave its green light to the deal on January 11.
Vodafone, which currently owns 35% of South African cellular operator Vodacom, is offering 47.25 rand per VenFin share.
I-Net Bridge
Don't miss the latest news
Show comments
Loading ...