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Etisalat buys 10pc stake in Vodafone ... - Part 2

This morning Vodafone disclosed that Etisalat now owns 12pc of the FTSE 100-listed telecoms giant.

Well, it wasn't exactly Abu Dhabi-based Etisalat carrying out the Vodafone share buying but Emirates Investment Authority vehicles, such as Atlas 2022 Holdings, connected to Etisalat. Below is the link to the announcement:..

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Etisalat buys 10pc stake in Vodafone...

There is some big stakebuilding news breaking this morning.

Etisalat, the United Arab Emirates-based telecoms operator, has just revealed it has bought a near 10pc stake in FTSE 100-listed giant Vodafone for $4.4 billion.

The swoop makes Etisalat Vodafone's largest shareholder but the company says it won't make a bid for the company (usual caveats apply one assumes)...

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