Vodafone Spain is being sold to Zegona for €5B
Vodafone has confirmed the sale of its Spanish operations to Zegona Communications, in what it says is a bid to reshape its portfolio for future growth. The deal, valued at €5 billion, comprises a cash consideration of €4.1 billion and up to €0.9 billion in Redeemable Preference Shares (RPS). Upon completion, Vodafone will continue to…