French billionaire Xavier Niel becomes Vodafone's largest shareholder

Xavier Niel Vodafone e&

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French telecoms billionaire Xavier Niel has acquired a 16% stake in Vodafone for £4.4bn, becoming its largest shareholder.
The stake was purchased from Emirati group e&, which sold its entire holding for 112.5p a share.
Niel's investment vehicle, Vega, intends to be a long-term minority shareholder.

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French telecoms billionaire Xavier Niel has acquired a 16% stake in Vodafone for £4.4bn, becoming its largest shareholder. The stake was purchased from Emirati group e&, which sold its entire holding for 112.5p a share. Niel's investment vehicle, Vega, intends to be a long-term minority shareholder.

Read the full article on Guardian Business

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This article was originally published by Guardian Business.

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