Vodafone Group has announced that its wholly-owned subsidiary, Vodafone International Holdings, has agreed to transfer part of its indirect shareholding in Safaricom Limited to Vodacom Group Limited, its sub-Saharan African subsidiary.
According to a press statement by Vodafone, based on the agreed terms of the transaction, Vodafone will be exchanging a 35% indirect interest in Safaricom for 226.8 million new ordinary Vodacom shares.
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