Vodacom B-BBEE deal is worth R16 billion

July 6, 2018

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 

 

Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER

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