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Vodafone Spain Now SoldSale of Vodafone Spain completesVodafone Group announced it has completed the sale of Vodafone Holdings Europe, S.L.U. (“Vodafone Spain”) to Zegona Communications plc (“Zegona”) for €4.1 billion in cash and €0.9 billion in the form of redeemable preference shares. The enterprise value of €5.0 billion represents a multiple of 5.6x Adjusted EBITDAaL and 13.0x OpFCF for the 12-month period ended 30 September 2023. As part of this transaction Vodafone and Zegona have also entered into an agreement whereby Vodafone will provide certain services to Vodafone Spain after completion of the transaction and Vodafone will continue to have a presence in Spain through its Innovation Hub in Málaga. Source: Vodafone Group media announcement | |
