Vodacom completed €1.8 billion deal for 20% of Safaricom
Vodacom completed a €1.8 billion acquisition of an additional 20% stake in Safaricom, giving it control of the Kenyan operator.
TL;DR
Vodafone's Vodacom unit completed the acquisition of an additional 20% stake in Safaricom for €1.8 billion. The completed transaction increased Vodacom's ownership position in the Kenyan operator.
The deal gives Vodacom a controlling stake in Safaricom. Safaricom operates in Kenya, and the transaction changes control of the company to Vodacom.
The source described the completion as following a legal victory. The source did not provide further transaction details in the supplied excerpt beyond the €1.8 billion price and the additional 20% stake.
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