Trending: Vodafone Group Shares Rise After Iliad Proposal to Merge Italian Units
18 Dezembro 2023 - 10:36AM
Dow Jones News
1242 GMT - Vodafone Group is one of the most mentioned companies
across news items over the past six hours, according to Factiva
data. The FTSE 100-listed telecom company's shares rose 6% after
Iliad Group put forward a proposal to merge their Italian
businesses in a deal that values Vodafone Italia at 10.45 billion
euros ($11.38 billion). While Vodafone said there is no certainty
that a deal will be agreed upon, the group is exploring merger or
disposal options for its Italian business with several parties,
backing its portfolio growth strategy. Vodafone Group shares are up
5.72% at 68.45 pence. Dow Jones & Co. owns Factiva.
(najat.kantouar@wsj.com)
(END) Dow Jones Newswires
December 18, 2023 08:21 ET (13:21 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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