Vodafone, Vantage Towers Set Final Offer Price For Vantage Towers IPO

Vodafone Group Plc (VOD.L,VOD) and Vodafone GmbH, in consultation with Vantage Towers AG, have set a final offer price of 24.00 euros per share for existing ordinary registered shares with no par value offered in Vantage Towers' initial public offering. Vodafone is placing 95,833,334 shares in the IPO, amounting to a total placement of up to 2.3 billion euros. The shares placed represent 18.9% of Vantage Towers' issued and outstanding share capital.

Based on the offer price, Vantage Towers' total market capitalisation amounts to approximately 12.1 billion euros. Shares are expected to begin trading on the Frankfurt Stock Exchange on 18 March 2021.

Vodafone will use the net proceeds to pay down debt.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing. Twitter, Inc. (TWTR) announced Monday that it has entered into a binding agreement to settle the consolidated class action lawsuit commenced in 2016 in the United States District Court for the Northern District of California. Under the terms of the proposed settlement, Twitter will pay $809.5 million...
Follow RTT