Vodafone shares jump 12.5% on London Stock Exchange after E&'s exit

Vodafone's stock in the London Stock Exchange surged by 12.5%, after the E & Emirates Group sold its 16.21% stake to Vega, a company owned by French billionaire Xavier Niel, for approximately $5.9 billion. As a result, the share price rose to 112 pence, supported by strong trading liquidity, with the market value reaching around $31 billion. The deal comes as part of E & E's strategic realignment, focusing on future growth sectors such as technology, digital services, and artificial intelligence, following its investment in Vodafone which began in 2022.

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