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
Bobo's recalled one lot of Bobo's 4-pack Almond Butter Protein Bars for potentially containing undeclared peanuts, the U.S. Food and Drug Administration or FDA said in a statement. The recall was initiated after it was discovered that product containing peanuts was distributed in packaging that did not reveal the presence of peanuts on the ingredient deck. Birmingham, Michigan-based RFA Brands LLC, d/b/a myCharge is recalling about 67,000 units of myCharge powerbanks citing fire and burn risks, the U.S. Consumer Product Safety Commission said. The recall was initiated after myCharge received 30 reports of the powerbanks overheating, resulting in seven injuries as well as property damage to household flooring, walls and furniture. Comcast Corp. (CMCSA, CMCSK) on Thursday reported that profit for the third quarter doubled from last year, driven by 19 percent revenue growth amid significant growth across each of its businesses. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also declared a quarterly dividend.
Follow RTT