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Liberty Global acquires 4.92% stake in Vodafone Group

February 14, 2023

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Liberty Global announced that it has acquired 1,335 million shares in Vodafone Group representing 4.92% of the outstanding share capital.

In a release, the multinational telecom company noted that the transaction was principally funded through “an attractive non-recourse financing”, requiring equity funding from Liberty Global of approximately £225 million ($274.5 million).

Mike Fries, CEO of Liberty Global, said: “We believe, like many others, that Vodafone’s current share price does not reflect the underlying long-term value of their operating businesses, or their announced consolidation and infrastructure opportunities. We continue to remain disciplined about our capital and fully expect that the equity used to fund this investment will be replenished with the sale of certain non-core assets over time.”

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