Acciona is Spain’s fifth largest building and services company, and exercised an option to sell its stake in the Spanish unit because it needs the funds to expand into new businesses such as highway concessions.
Last week, Vodafone offered to buy out minority shareholders in three of its European units: Europolitan Vadafone AB in Sweden, Vodafone Libertel NN in the Netherlands, and Vodafone Telecel-Comunicacoes Pessoais SA in Portugal.
Meanwhile, Vodafone also announced that its wholly owned subsidiary, Vodafone Holding GmbH, has completed its acquisition of SBC Communications Inc.’s shareholding in Transtel SA, representing a 15% economic interest in Cegetel Groupe SA, for a cash consideration of $2.27bn.
Last year, Vodafone had planned to seize control of Cegetel SA, and hence France’s second largest mobile phone operator SFR SA, but was thwarted in December when Vivendi Universal SA blocked its attempt by purchasing the control stake in Cegetel from BT Group Plc. This left the French media giant with an unassailable 70% stake in Cegetel, and Vodafone with 30%, once the SBC sale went through.
Source: Computerwire
