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Evening Standard

Anna Wise

French billionaire buys £4.4bn stake in Vodafone to become biggest shareholder

Vodafone Xavier Niel CK Hutchison VodafoneThree Three United Kingdom

Xavier Niel has bought a £4.4 billion stake in Vodafone (Yui Mok/PA) - (PA Archive)

French billionaire businessman Xavier Niel will become the biggest shareholder in Vodafone after buying a £4.4 billion stake in the mobile giant.

Mr Niel’s family investment vehicle Vega has agreed to acquire an approximately 16.2% shareholding from United Arab Emirates (UAE) telecoms group E&.

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