19th of December 2022
Sharkawy & Sarhan advises Vodafone Group Plc on the transfer of its 55% interest in Vodafone Egypt to Vodacom
We are delighted to announce that we acted as Egyptian counsel to the Vodafone Group Plc1 (Vodafone) in relation to the transfer of its 55% shareholding in Vodafone Egypt to Vodacom.
The spam of the transaction took more than a year. The transaction was subject to the approval of the Egyptian regulators (including the NTRA, FRA and the EGX) as well as the South African regulators, setting a unique precedent in Egypt for the sale of a telecommunications company, subject to the MTO rules, through a cash and swap of shares consideration.
This transfer simplifies the management of Vodafone’s African assets. Vodacom gains exposure to another leading business in an attractive market, diversifying its portfolio and accelerating its growth profile. Vodafone Egypt will benefit from closer co-operation with Vodacom, enabling it to accelerate growth in financial services and the Internet of Things.
With this transaction, Vodafone’s shareholding in Vodacom will be increased from 60.5% to 65.1%.
Sharkawy & Sarhan’s M&A team led by partner Mohamed Nabil Hazzaa, and Managing Associate Esraa Abdelmoniem and assisted by Associates, Youmna Fahmy, Menna Abouzekry, Natalia Dybich and Hana Nassar had the privilege and pleasure of advising Vodafone Group on all Egyptian law aspects of the transaction.
Congratulations to Vodafone & Great job team!
Press Coverage:
We are delighted to announce that we acted as Egyptian counsel to the Vodafone Group Plc1 (Vodafone) in relation to the transfer of its 55% shareholding in Vodafone Egypt to Vodacom.
The spam of the transaction took more than a year. The transaction was subject to the approval of the Egyptian regulators (including the NTRA, FRA and the EGX) as well as the South African regulators, setting a unique precedent in Egypt for the sale of a telecommunications company, subject to the MTO rules, through a cash and swap of shares consideration.
This transfer simplifies the management of Vodafone’s African assets. Vodacom gains exposure to another leading business in an attractive market, diversifying its portfolio and accelerating its growth profile. Vodafone Egypt will benefit from closer co-operation with Vodacom, enabling it to accelerate growth in financial services and the Internet of Things.
With this transaction, Vodafone’s shareholding in Vodacom will be increased from 60.5% to 65.1%.
Sharkawy & Sarhan’s M&A team led by partner Mohamed Nabil Hazzaa, and Managing Associate Esraa Abdelmoniem and assisted by Associates, Youmna Fahmy, Menna Abouzekry, Natalia Dybich and Hana Nassar had the privilege and pleasure of advising Vodafone Group on all Egyptian law aspects of the transaction.
Congratulations to Vodafone & Great job team!
Press Coverage:
Sharkawy & Sarhan advises Vodafone Group Plc on the transfer of its 55% interest in Vodafone Egypt to Vodacom
19th of December 2022
We are delighted to announce that we acted as Egyptian counsel to the Vodafone Group Plc1 (Vodafone) in relation to the transfer of its 55% shareholding in Vodafone Egypt to Vodacom.
The spam of the transaction took more than a year. The transaction was subject to the approval of the Egyptian regulators (including the NTRA, FRA and the EGX) as well as the South African regulators, setting a unique precedent in Egypt for the sale of a telecommunications company, subject to the MTO rules, through a cash and swap of shares consideration.
This transfer simplifies the management of Vodafone’s African assets. Vodacom gains exposure to another leading business in an attractive market, diversifying its portfolio and accelerating its growth profile. Vodafone Egypt will benefit from closer co-operation with Vodacom, enabling it to accelerate growth in financial services and the Internet of Things.
With this transaction, Vodafone’s shareholding in Vodacom will be increased from 60.5% to 65.1%.
Sharkawy & Sarhan’s M&A team led by partner Mohamed Nabil Hazzaa, and Managing Associate Esraa Abdelmoniem and assisted by Associates, Youmna Fahmy, Menna Abouzekry, Natalia Dybich and Hana Nassar had the privilege and pleasure of advising Vodafone Group on all Egyptian law aspects of the transaction.
Congratulations to Vodafone & Great job team!
Press Coverage:
We are delighted to announce that we acted as Egyptian counsel to the Vodafone Group Plc1 (Vodafone) in relation to the transfer of its 55% shareholding in Vodafone Egypt to Vodacom.
The spam of the transaction took more than a year. The transaction was subject to the approval of the Egyptian regulators (including the NTRA, FRA and the EGX) as well as the South African regulators, setting a unique precedent in Egypt for the sale of a telecommunications company, subject to the MTO rules, through a cash and swap of shares consideration.
This transfer simplifies the management of Vodafone’s African assets. Vodacom gains exposure to another leading business in an attractive market, diversifying its portfolio and accelerating its growth profile. Vodafone Egypt will benefit from closer co-operation with Vodacom, enabling it to accelerate growth in financial services and the Internet of Things.
With this transaction, Vodafone’s shareholding in Vodacom will be increased from 60.5% to 65.1%.
Sharkawy & Sarhan’s M&A team led by partner Mohamed Nabil Hazzaa, and Managing Associate Esraa Abdelmoniem and assisted by Associates, Youmna Fahmy, Menna Abouzekry, Natalia Dybich and Hana Nassar had the privilege and pleasure of advising Vodafone Group on all Egyptian law aspects of the transaction.
Congratulations to Vodafone & Great job team!
Press Coverage:
