PIC to offload part of its Vodacom stake

by Trust Matsilele 2 views0

The PIC has appointed Deutsche Bank AG as sole bookrunner to sell 25 million ordinary shares in Vodacom Group.

The Public Investment Corporation has appointed Deutsche Bank AG, London Branch as sole bookrunner to sell 25 million ordinary shares in [DATA VOD:Vodacom Group Limited] .

This placement is in relation to a hedging activity in respect of certain risk mitigation arrangements entered into by Merrill Lynch.

The sale represents approximately 1.7 per cent of the company’s issued share capital.