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Vodacom considers US$1.1bn stake sale to black investors to comply with equality ownership rules

Connectivity BusinessbyConnectivity Business
January 26, 2017
in Government and Legal, Investments, Space Services, Strategy and Markets
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Vodafone’s Vodacom is reportedly contemplating the sale of a R15bn (US$1.12bn) stake in what could become South Africa’s largest deal ever addressed to black investors. The goal is to increase equity holding by shareholders of African descent as its current empowerment scheme expires in 2018, people familiar with the matter told Bloomberg. Vodafone’s (LSE:VOD) Vodacom (JSE:VOD) is reportedly contemplating the sale […]

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Tags: AfricaMTNPremiumPublic Investment CorpTF252VodacomVodafone
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