e& Divests Vodafone Stake to Vega (Niel Family Acquisition Vehicle)

July 10, 2026

Emirates Telecommunications Group Company PJSC (e&) announced the termination of its relationship agreement with Vodafone and signed a binding agreement to sell its entire Vodafone holding. e& will divest 3,944,743,685 Vodafone ordinary shares (about 16.21% of issued share capital; 17.13% of voting rights) to Vega, an acquisition vehicle wholly owned by the Niel family group, for total consideration of 112.5 GBp per share, including cash proceeds of about USD 5.95 billion.

Buyers
Vega (acquisition vehicle wholly owned by the Niel family group)
Targets
Vodafone Group PLC
Sellers
Emirates Telecommunications Group Company PJSC (e&)
Location
United Arab Emirates
Transaction Type
Divestiture

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