II&" sells its entire $5.95 billion stake in Vodafone

E& Group announced the complete sale of its approximate 16.21% stake in Vodafone to the Niel family group, owned by French billionaire Xavier Niel, for $5.95 billion. The deal follows a comprehensive strategic review of its international investment portfolio, reflecting a shift in priorities toward a greater focus on core businesses and achieving higher strategic returns. The sale process will be conducted through three financial institutions on a temporary basis, pending the completion of regulatory approvals, and E&'s influence on Vodafone's board of directors will be terminated.

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