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Vodafone shares rise on report of stake acquired by activist Cevian

January 31, 2022

Via: Sky News

The London-listed stock was 4% ahead in early trading after Cevian Capital was said to have acquired an undisclosed chunk of the company to encourage it to lead a consolidation drive in Europe.

That would be welcomed by analysts and investors, who have seen Vodafone’s share price languish over the past couple of years, held back by competition in markets such as Italy, Spain and Portugal.

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