bloomberg.com

Drahi Sells 50% Stake in Vodafone German Fiber Venture to SocGen

Vodafone logoVodafone
Sig2.65Sen+1.15Env0.00Soc0.00Gov+0.55
Société Générale logoSociété Générale
Sig2.35Sen+2.30Env+0.80Soc+1.15Gov+1.00

Societe Generale will buy Patrick Drahi’s 50% stake in OXG, a German fiber joint venture with Vodafone, from a holding company controlled by Drahi. The deal is subject to regulatory approvals and financial terms were not disclosed, as the heavily indebted billionaire continues to sell telecommunications assets.

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