Vodacom to Buy Indirect 34.94% Stake in Safaricom From Vodafone
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
SAFCOM KN (Safaricom Ltd)
VOD SJ (Vodacom Group Ltd)
VOD LN (Vodafone Group PLC)
Topics
Holding Increases
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UUID: 7947283
(Bloomberg) -- Vodacom to buy 34.94% indirect interest in Safaricom from Vodafone by acquiring 87.5% of issued share capital of Vodafone Kenya; Vodafone will also subscribe for new Vodacom shares.
- Purchase consideration payable is sum of amount equal to subscription price payable by Vodafone for 226.8m new ordinary Vodacom shares, offset against same amount of purchase consideration & maximum amount of KES393.75m payable to Vodafone in cash
- Subscription price amounts to 34.6b rand based on Vodacom’s share price on May 12
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
SAFCOM KN (Safaricom Ltd)
VOD SJ (Vodacom Group Ltd)
VOD LN (Vodafone Group PLC)
Topics
Holding Increases
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283