Vodafone Shares Surge 12.6% as Market Absorbs Nearly All of Xavier Niel’s £4.4B Stake
Vodafone Group Plc jumped 12.6% to finish at 110.10 pence on Friday. Emirates Telecommunications Group Company PJSC, also called e&, said it would sell its 16.21% stake to Xavier Niel’s family fund for about £4.4 billion. Niel’s vehicle will become Vodafone’s top shareholder once it gets regulatory approval.
