Vodafone sells 10% stake in Vantage Towers for €1.3bn, reaching target ownership level.
Vodafone sells a 10% stake in Vantage Towers for €1.3bn, bringing its ownership in Europe's mobile phone mast controlling group down to its target level with infrastructure investors. This completes a 2022 deal involving the sale of its Germany-based masts company to GIP and KKR, raising €6.6bn in total. Following the deal, Oak Holdings, which co-controls Vantage Towers, owns 89.3%, with Vodafone's effective ownership at 44.7%.
July 22, 2024
7 Articles