fedro10
è la somma che fa il totale...
Vodafone sells another 10% in Vantage Towers for €1.3B
Business40m ago(Source: baha news)
![308745.jpg](https://cdn.ttweb.net/News/images/308745.jpg?preset=w800_q70)
EPA-EFE/ROBERT GHEMENT
BUSINESS
Vodafone Group Plc has announced plans to divest an additional 10% stake in Oak Holdings GmbH, the joint venture that co-manages Vantage Towers, for €1.3 billion on Monday.
"This further sale achieves the 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR that was envisaged when the co-control partnership was first announced," Vodafone said.
This transaction brings Vodafone's total net proceeds from the sell-down in Vantage Towers to €6.6 billion, with the funds from this sale being allocated towards debt reduction. Following the transaction, Oak Holdings will have 89.3% of Vantage Towers, while Vodafone's effective ownership will be reduced to 44.7%.