Mergers & Acquisitions ·
Vodafone's African subsidiary, Vodacom Group Ltd, has completed the acquisition of an additional 20% stake in…
VODVodafone Group Public Ltd Co
Vodafone's African subsidiary, Vodacom Group Ltd, has completed the acquisition of an additional 20% stake in Safaricom Plc, increasing its total shareholding to 55%. The transaction involves a cash consideration of KES 204 billion (€1.36 billion) for a 15% stake from the Government of Kenya and KES 68 billion (€0.45 billion) for a 5% stake from Vodafone. Safaricom will now be fully consolidated by both Vodacom and Vodafone. Vodafone is a leading European and African telecommunications company providing mobile and broadband services.