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Vodafone sells Spain unit for up to 5.0 bn euros
Vodafone sells Spain unit for up to 5.0 bn euros
Economy
by  AFP

British mobile phone giant Vodafone announced Tuesday the sale of its Spanish division to investment fund Zegona for up to 5.0 billion euros ($5.3 billion), as part of an ongoing overhaul. The price comprises at least 4.1 billion euros in cash and up to 900 million euros in preference shares.

Stellantis confirms 2023 outlook despite US strike
Stellantis confirms 2023 outlook despite US strike
Economy
by  AFP

Automaker Stellantis confirmed Tuesday its 2023 outlook thanks to a jump in third quarter revenue despite a costly strike in the United States. The company said that the more than month-long strike by staff in the United States, which has ended following a tentative agreement struck Saturday, had a negative impact of around 3 billion euros on revenue compared to planned production.