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Vodafone realigns shareholding following Safaricom sale

Vodafone realigns shareholding

UK’s Vodafone has sold a 5.2 per cent stake in its South African subsidiary Vodacom as part of a regulatory requirement following the sale of its shareholding in Safaricom.

After announcing the transaction on Wednesday, Vodacom’s share price at Johannesburg Stock Exchange (JSE) went down by more than six per cent.

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