Vodafone Group Plc (VOD) has released an update.
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Vodafone Group Plc announces the final approval of Vodafone Spain’s sale to Zegona Communications, with a completion date set for the end of May 2024, yielding €4.1 billion in cash and €0.9 billion in Redeemable Preference Shares. Following the sale, Vodafone is set to initiate a €500 million share buyback program on May 15, 2024, as the first stage in a plan to return €2 billion to shareholders over the next 12 months.
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