Companies
Friday, 7/10, 07:37 PM
Xavier Niel Becomes Vodafone's Largest Shareholder in a 4.4 Billion Pound Deal
- The French telecoms billionaire Xavier Niel has become Vodafone's biggest shareholder, taking a stake of about 16% through his family investment vehicle in a deal valued at around 4.4 billion pounds.
- Niel says it is a long-term strategic holding rather than a takeover bid, and Vodafone's shares rose sharply on the news.