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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.09 | 1.05% | 8.69 | 8.58 | 9.30 | 8.7182 | 8.645 | 8.68 | 6,442,533 | 05:00:08 |
From May 2023 to May 2024
By Christian Moess Laursen
Zegona Communications confirmed it is in discussions with Vodafone Group regarding a potential acquisition of the U.K.-based telecommunications group's Spanish business, the company said Friday.
The confirmation follows a report by Spanish business newspaper Expansion that the European telecommunications-investment company is planning to buy a 50% stake in the unit, in a deal that would value the business at more than 5 billion euros ($5.33 billion).
Zegona Communications' shares have been temporarily suspended from trading on the London Stock Exchange as a result, as the deal would constitute a reverse takeover.
There is no certainty the potential acquisition will proceed nor to the terms of any such acquisition, the company said.
Vodafone didn't immediately respond to a request for comment on the Expansion article.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
September 22, 2023 04:36 ET (08:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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