Warburg Said Among Potential Bidders For $4B Vodafone Spain Arm
Portfolio Pulse from Benzinga Newsdesk
Warburg Pincus is reportedly among the potential bidders for Vodafone's Spanish arm, which is valued at around $4 billion. The news comes as Vodafone Group Plc (VOD) is considering options for its Spanish business, including a potential sale.
July 26, 2023 | 2:44 pm
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Vodafone Group Plc (VOD) is considering options for its Spanish business, including a potential sale to Warburg Pincus. The Spanish arm is valued at around $4 billion.
The news of a potential sale of Vodafone's Spanish arm could have a neutral impact on Vodafone's stock in the short term. While the sale could bring in significant cash, it also indicates a potential retreat from a key market. The impact will depend on the final terms of any deal and the company's plans for the proceeds.
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