Vodafone nears stake sale in $5.3 bn Spanish unit to Zegona: Report

Business Standard

By Elffie Chew and Manuel Baigorri

Vodafone Group Plc is close to selling a stake of at least 50% in its Spanish business to Zegona Communications Plc in a deal that values the asset at more than €5 billion ($5.3 billion), according to people familiar with the matter.

The firms are finalizing details of a transaction and an announcement could come in the coming days, the people said. London-based Zegona, an acquisition vehicle, has…

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