"E&" Successfully completes the sale of its stake in "Vodafone" With a value of $5.95 billion
ABU DHABI, 17 JULY / WAM / Emirates Telecommunications Group PJSC (E&) announced today the successful completion of the transfer of its entire stake amounting to 3,944,743,685 ordinary shares in “Vodafone” to: “BNP Paribas Financial Markets”, “Crédit Agricole for Corporate and Investment Banking”, and “Société Générale”.
This comes as a continuation of its statement issued on July 10, 2026, regarding the signing of a binding agreement with “Vega”, an acquisition vehicle wholly owned by the “Neil” family group, to sell the entire “E&” stake in “Vodafone Group PLC” (“Vodafone”).
The successful completion of the transfer generated total cash proceeds for the E&G Group of AED 21.5 billion (US$5.84 billion), representing approximately 110.5 pence per share. The remaining dividend of 2.02 pence per share (equivalent to AED 0.4 billion / US$0.11 billion), linked to Vodafone’s final earnings for the financial year 2026, will be collected On July 30, 2026, bringing the total revenue to 21.9 billion UAE dirhams (equivalent to 5.95 billion US dollars).
This deal resulted in a net cash return for E& of 4.8 billion UAE dirhams (approximately 1.3 billion US dollars), and reflects the group’s strategic priorities in terms of focusing on its core business, while reaping the returns resulting from its investments.
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