ABU DHABI (WAM)
Further to Emirates Telecommunications Group Company PJSC (e&) announcement on July 10, 2026 related to signing a binding agreement with Vega, an acquisition vehicle wholly owned by the Niel family group, for the sale of e&’s entire holding in Vodafone Group PLC (Vodafone); e& on Friday announced the successful completion of the transfer of its 3,944,743,685 ordinary shares in Vodafone to BNPP Financial Markets, Crédit Agricole Corporate and Investment Bank, and Société Générale.
The successful completion of the transfer has generated gross cash proceeds to e& of Dh21.5 billion ($5.84 billion), representing c. 110.5 GBX per share.
The remaining consideration of 2.02 GBX dividend per share (equivalent to Dh0.4 billion / $0.11 billion), related to the FY’26 final dividend, is to be received on July 30, 2026.
This will bring the total consideration to Dh21.9 billion (equivalent of $5.95 billion), generating a net cash return of Dh4.8 billion ($1.3 billion).
This transaction reflects the natural evolution of the e&’s strategic priorities, enabling the Group to sharpen its strategic focus on its core businesses while unlocking the value created through its investments.