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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.