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VOD Vodafone Group PLC

8.66
0.13 (1.52%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Vodafone Group PLC NASDAQ:VOD NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.13 1.52% 8.66 8.36 9.20 8.64 8.54 8.61 3,055,558 05:00:08

Liberty Global Buys 4.92% Stake in Vodafone

13/02/2023 5:25pm

Dow Jones News


Vodafone (NASDAQ:VOD)
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By Sabela Ojea

 

Liberty Global PLC said Monday that it has acquired a 4.92% stake in Vodafone Group PLC via a share placement worth about 225 million pounds ($271.4 million).

The European telecommunications company said it is not considering taking over Vodafone or seeking representation on Vodafone's board.

"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," Chief Executive Mike Fries said.

At 11:42 a.m. ET, shares of Liberty Global were down 0.7% at $21.12.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

February 13, 2023 12:10 ET (17:10 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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