Emirates Telecommunications Group Company PJSC (ADX:ETISALAT) acquired 9.8% stake in Vodafone Group Public Limited Company (LSE:VOD) for $4.4 billion on May 13, 2022. As per the transaction, Emirates Telecommunications Group Company PJSC acquired 2.76 billion shares. Citigroup Saudi Arabia acted as financial advisor to Emirates Telecommunications Group Company PJSC. Blackmore, Vanessa K., Horsfield-Bradbury, John, Jones, Craig D., Perry, Benjamin C., Rodriguez, Juan A. of Sullivan & Cromwell LLP (UK) acted as legal advisor to Emirates Telecommunications Group Company PJSC.

Emirates Telecommunications Group Company PJSC (ADX:ETISALAT) completed the acquisition of 9.8% stake in Vodafone Group Public Limited Company (LSE:VOD) on May 13, 2022.