VOD - Low Returns? Vodafone Divests Spain Business As Key Step In Right-Sizing Portfolio | Benzinga
Vodafone Group Plc (NASDAQ: VOD) has entered into binding agreements with Zegona Communications plc to sell 100% of Vodafone Spain.
On completion, Vodafone's consideration will comprise at least €4.1 billion in cash and up to €0.9 billion in the form of Redeemable Preference Shares.
Margherita Della Valle, Chief Executive of Vodafone, said, "The sale of Vodafone Spain is a key step in right-sizing our portfolio for growth ...