Liberty Global Buys 4.92% Stake in Vodafone
February 13 2023 - 12:25PM
Dow Jones News
By Sabela Ojea
Liberty Global PLC said Monday that it has acquired a 4.92%
stake in Vodafone Group PLC via a share placement worth about 225
million pounds ($271.4 million).
The European telecommunications company said it is not
considering taking over Vodafone or seeking representation on
Vodafone's board.
"We believe, like many others, that Vodafone's current share
price does not reflect the underlying long-term value of their
operating businesses, or their announced consolidation and
infrastructure opportunities," Chief Executive Mike Fries said.
At 11:42 a.m. ET, shares of Liberty Global were down 0.7% at
$21.12.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 13, 2023 12:10 ET (17:10 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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