e& Finalizes Vodafone Exit with $5.95 Billion Cash Realization

The transfer of the stake to BNPP Financial Markets, Crédit Agricole Corporate and Investment Bank, and Société Générale generated gross proceeds of 21.5 billion AED, or approximately 5.84 billion USD. This equates to 110.5 GBX per share. An additional dividend payment of 2.02 GBX per share, expected on July 30, 2026, will push the total consideration to 5.95 billion USD.

By offloading these holdings, e& secures a net cash return of 1.3 billion USD. This liquidity event allows the group to pivot away from its long-term investment in the British telecommunications firm and reallocate capital toward its core business operations. The move serves as a deliberate refinement of the group's strategic priorities, prioritizing internal growth over passive equity stakes in international markets.