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
Pittsburgh, Pennsylvania -based Thorley Industries, LLC, d.b.a. 4Moms is recalling more than 2 million MamaRoo swings and RockaRoo rockers citing entanglement and strangulation risks, the U.S. Consumer Product Safety Commission said. The recall was initiated after 4moms received two reports of entanglement incidents, including one death. Retail giant Walmart is partnering with media major Paramount Global to offer Paramount+ Essential subscription to Walmart+ members at no extra cost. Starting in September, Walmart+ members will be able to stream premium entertainment as part of their membership with Paramount+, a direct-to-consumer digital subscription video on-demand and live streaming service. Fifth Season is recalling a limited amount of its branded Crunchy Sesame Salad Kits due to undeclared milk and egg, known allergens, the U.S. Food and Drug Administration said. The recall involves Fifth Season branded Crunchy Sesame Salad Kit with UPC Code: 52070008147 and Best By Date of 16-AUG-2022 and 15-AUG-2022.
Follow RTT