Vodacom Completes $2.1 Billion Safaricom Stake Acquisition, Stake Rises to 55% on June 26

Vodacom Group today announced the completion of its acquisition of an additional 20% effective stake in Safaricom PLC on June 26, 2026, following a Court of Appeal ruling. The transaction, valued at $2.1 billion, increases Vodacom's shareholding to approximately 55%, comprising a 15% stake acquired from the Government of Kenya and an effective 5% from Vodafone Group Plc, at KES34 per share. The Government of Kenya retains a 20% stake in Safaricom.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments