PIC to offload part of its Vodacom stake - CNBC Africa

PIC to offload part of its Vodacom stake

Southern Africa

by Trust Matsilele 0

Deutsche Bank appointed to sell PIC’s 25 million Vodacom shares. PHOTOS: mybroadband

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.

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