Abu Dhabi-based telco company acquires 9.8% in Vodafone
Today’s Shares Magazine and Morningstar lead with news of Middle Eastern telecommunications company, e&, acquiring a near 10% stake in Vodafone.
Mergers & Acquisitions of UK headquartered companies hit a record in 2021 as predatory companies took advantage of Covid-induced, discounted values.
Shares Magazine / Morningstar – 16th May 2022
“Demand for Vodafone shares is high this morning. Emirates Telecommunications may have stated it has no intention of making a bid for the whole company, but that won’t deter traders from snapping up stock, as UK-listed companies continue to garner interest from foreign entities”.1 2
Marc Kimsey, Frederick & Oliver.
Sign up to ‘City View’ our award-winning newsletter
Make sure you receive the need-to-know stock market news, every morning.
By Marc Kimsey