# Vodafone completes transfer of its 55% interest in Vodafone Egypt

- Link: https://www.directorstalkinterviews.com/vodafone-completes-transfer-of-its-55-interest-in-vodafone-egypt/4121094161
- Published: 2022-12-13T07:16:13+00:00
- Author: Amilia Stone

**[Vodafone Group Plc](https://www.directorstalkinterviews.com/ftse-company/vodafone-group/vod.l)**
^(1) ([LON:VOD](https://www.directorstalkinterviews.com/ftse-company/vodafone-group/vod.l))
has completed the transfer of its 55% shareholding in Vodafone Egypt to Vodacom 
Group Limited, its African subsidiary.

This transfer simplifies the management of Vodafone’s African assets. Vodacom gains
exposure to another leading business in an attractive market, diversifying its portfolio
and accelerating its growth profile. Vodafone Egypt will benefit from closer co-
operation with Vodacom, enabling it to accelerate growth in financial services and
the Internet of Things.

Vodafone has been issued with 242 million shares in Vodacom and received cash proceeds
of €577 million in exchange for its 55% shareholding in Vodafone Egypt.

> **Margherita Della Valle, Vodafone Group Chief Executive designate said**: “With
> the completion of the transfer of Vodafone Group Plc’s shareholding in Vodafone
> Egypt to Vodacom Group Limited, we are simplifying Vodafone Group’s structure 
> and supporting Vodacom and Vodafone Egypt for future growth.”

Following completion, Vodafone’s shareholding in Vodacom has increased from 60.5%
to 65.1%.

_1.     The selling entities were Vodafone Europe B.V. and Vodafone International
Holdings B.V., which are 100% owned indirect subsidiaries of Vodafone Group Plc._

Share on: