Abu dhabi: Emirates Telecommunications Group Company PJSC (e and ) has announced the successful completion of the sale of its entire holding in Vodafone Group PLC. This significant transaction involved the transfer of 3,944,743,685 ordinary shares in Vodafone to BNPP Financial Markets, Cr©dit Agricole Corporate and Investment Bank, and Soci©t© G©n©rale.
According to Emirates News Agency, this transaction has resulted in gross cash proceeds of AED21.5 billion (US$5.84 billion) for e and , equating to approximately 110.5 GBX per share. In addition, e and is set to receive a remaining consideration of 2.02 GBX dividend per share, equivalent to AED0.4 billion (US$0.11 billion), related to the FY’26 final dividend on 30th July 2026. This will increase the total proceeds from the sale to AED21.9 billion (US$5.95 billion).
The transaction aligns with e and ‘s strategic priorities, allowing the company to concentrate on its core operations while realizing the value from its investments. The deal is expected to result in a net cash return of AED4.8 billion (US$1.3 billion), marking a significant financial achievement for the Group.
