Vodafone Group is trading 12.62% up at £110.10 after UAE operator e& agreed to sell its entire 16.2% stake to a family investment vehicle of French telecom billionaire Xavier Niel.
- The deal is valued at approximately $5.9–6 billion, with the shares priced at 112.5 pence each, representing a double-digit premium to the prior closing price.
- The transaction will make Niel the largest shareholder in Vodafone Group, driving investor optimism regarding potential strategic changes and governance influence.