Zegona To Acquire Vodafone Spain For €5B
Portfolio Pulse from Charles Gross
Zegona has announced its acquisition of Vodafone Spain for €5.0 billion. The transaction will be funded through a combination of new debt, Vodafone Financing, and a new equity raise. Post equity raise, the new debt facility is anticipated to deliver a net debt position at completion of €3.7 billion. Vodafone Group plc will provide a brand licence agreement which permits Zegona to use the Vodafone brand in Spain for up to 10 years post completion.
October 31, 2023 | 8:45 am
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Vodafone Group plc is indirectly involved in the transaction as it will provide a brand licence agreement to Zegona for the use of the Vodafone brand in Spain for up to 10 years post completion.
While Vodafone Group plc is not directly involved in the transaction, it will provide a brand licence agreement to Zegona. This could potentially impact the company's brand value and recognition in Spain, but it's not clear how this will affect the company's stock price in the short term.
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