Londone& sold its entire 16% Vodafone stake for $5.95 billion.
The UAE group is exiting to refocus on core business; French billionaire Xavier Niel’s Vega vehicle becomes Vodafone’s top shareholder at a 15% premium.
Niel previously cut Tele2’s workforce 15% after a similar stake; his board-representation plans are still unstated.
Sources: The Guardian, RTE.ie, ETTelecom.com, Economic Times, Khaleej times