Vodacom Group Ltd, the African subsidiary of British telecoms giant Vodafone announced on Tuesday that it has finally concluded its acquisition of an additional indirect 17.2% interest in Vodacom Tanzania previously owned by Tanzania's richest man, Rostam Aziz.
In a press release statement, the company said it had fulfilled all requirements as mandated by the Tanzanian
regulatory authorities and that the transaction was now unconditional.
-- In a press release statement, the company said it had fulfilled all requirements as mandated by the Tanzanian
regulatory authorities and that the transaction was now unconditional.
VOD 201404290039A
Acquisition of Further 17.2% Interest in Vodacom Tanzania becomes Unconditional
Vodacom Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1993/005461/06
(ISIN: ZAE000132577 Share Code: VOD)
(ISIN: ZAG000106063 JSE Code: VOD008)
(ADR code VDMCY ISIN US9258D2009)
('Vodacom' or 'the Company')
ACQUISITION OF A FURTHER 17.2% INTEREST IN VODACOM TANZANIA BECOMES UNCONDITIONAL
Shareholders are referred to the announcement released on the Stock Exchange News Service on Tuesday, 26 November 2013 regarding the agreement entered into with Cavalry Holdings Limited and its shareholders, under the terms of which Vodacom will acquire an additional indirect 17.2% interest in Vodacom Tanzania Limited (the 'Transaction') and are advised that as all the conditions precedent to the Transaction have been fulfilled, the Transaction is now unconditional and closing is expected to take place today, 29 April 2014.
The Transaction results in Vodacom increasing its total economic interest in Vodacom Tanzania Limited from 65% to 82.2%.
29 April 2014
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