Dreny & Partners on Vodacom’s acquisition into Vodafone Egypt
Dreny & Partners has acted as legal counsel for telecommunication company, Vodacom in its acquisition of a 55% stake in telecom network operator Vodafone Egypt for an equity consideration of circa USD2.738 billion.
The acquisition of Vodafone Egypt is a unique opportunity to advance Vodacom’s strategic connectivity and financial services ambitions. Vodafone Egypt is strategically positioned to capture growth in a fast-growing Information and Communications Technology (ICT) market.
The Dreny & Partners team was led by managing partner Motaz El-Dreny & partner Imane Raouf.