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Vodacom B-BBEE deal is worth R16 billion

IOL / 05 JULY 2018 - 11:30 / PHILIPPA LARKIN

JOHANNESBURG - Vodacom said in an update yesterday that its YeboYethu broad-based black economic empowerment (B-BBEE) transaction was valued at R16.41 billion.

The deal was announced last month. The final B-BBEE transaction share price was R143.35. Vodacom will issue 114.45 million shares to YeboYethu.

Vodacom said in an update yesterday that its YeboYethu broad-based black economic empowerment (B-BBEE) transaction was valued at R16.41 billion. File image: Vodacom. IOL.

The maximum special dividend to be paid to YeboYethu shareholders was R3.2bn or R73 per YeboYethu share.

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LINK : https://www.iol.co.za/business-report/companies/vodacom-b-bbee-deal-is-worth-r16-billion-15844227

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