CCI approves Vega SAS acquisition of 16.2% stake in Vodafone
The Competition Commission of India cleared Vega SAS’s plan to buy a 16.2% share of Vodafone Group PLC, making Vega the telecom’s largest shareholder. Vega will purchase 3,944,743,685 shares from e& for roughly £4.4 billion, valued at about €5.1 billion or AED 21.9 billion (US$5.95 billion). The transaction is priced at 112.5 pence per share, comprising 110.5 pence in cash and a 2.02 pence dividend, with settlement expected by the end of 2026.
Why it matters
The approval creates a new controlling minority shareholder, which could influence Vodafone’s strategic direction and governance. The deal adds approximately AED 21.9 billion of cash to e&’s balance sheet, affecting its capital structure.
Key facts
- 1The Competition Commission of India approved Vega SAS’s acquisition of a 16.2% stake in Vodafone. livelawbiz.com
- 2Vega agreed to buy 3,944,743,685 shares, representing 16.21% of Vodafone’s share capital and 17.13% of its voting rights. econotimes.com
- 3The purchase price was about £4.4 billion (€5.1 billion). econotimes.com
- 4e& reported the total consideration as AED 21.9 billion (US$5.95 billion). econotimes.com
- 5The consideration amounted to 112.5 pence per share, of which 110.5 pence is cash and 2.02 pence is a dividend. econotimes.com
- 6Settlement of the share transfer is projected for the end of 2026. econotimes.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.