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Vodafone (VOD) Acquires Full Ownership for $5.81 Billion

Published on · Source: cnbc.com

#VOD#LSEG#HSBC#RHM
Vodafone (VOD) Acquires Full Ownership for $5.81 Billion

AI Summary

Summarized by AI from the source below

Vodafone (VOD) announced it would take full ownership of its VodafoneThree joint venture by buying out CK Hutchinson's stake for £4.3 billion ($5.81 billion). Following the announcement, Vodafone's shares increased by 1.4%. In other corporate news, Unicredit's first-quarter net profit rose 16.1% year-on-year to 3.2 billion euros ($3.74 billion), exceeding analysts' expectations of 2.8 billion euros. Meanwhile, Germany's Rheinmetall reported a quarterly revenue increase of 7.7% to 1.94 billion euros but missed market expectations of 2.3 billion euros.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.

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