Vodafone completes disposal of stake in SFR

Vodafone has sold off it’s 44% stake in SFR to Vivendi for R75.3 billion.

June 17, 2011

Further to the announcement on 4 April 2011, and following clearance of the transaction by the relevant competition and regulatory authorities, Vodafone today announces the completion of the disposal of its entire 44% shareholding in SFR to Vivendi.

Vodafone has received a cash consideration of €7.75 billion (R75.3 billion) from Vivendi and a final dividend from SFR of €200 million (R1.94 billion). Vodafone and SFR have also entered into a Partner Market agreement which will maintain their commercial co-operation.

The £4 billion associated share buyback programme will commence shortly.

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