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French billionaire becomes Vodafone’s largest shareholder with £4.4bn stake

Photograph: Ludovic Marin/AFP/Getty Images
Photograph: Ludovic Marin/AFP/Getty Images

Xavier Niel buys 16% through investment vehicle Vega after Emirati telecoms group sells shareholding

The French telecoms billionaire Xavier Niel has become Vodafone’s largest shareholder after buying a 16% stake for £4.4bn.

On Friday, the Emirati telecoms group e&, which first took a stake worth £3.3bn in Vodafone in 2022, announced the sale of its entire shareholding for 112.5p a share.

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