Linklaters advises Vodafone on the sale of an additional stake in Vantage Towers for 1.3 billion Euros

July 23, 2024 - Linklaters has advised the Vodafone Group on the sale of an additional 10% stake in Oak Holdings 1 GmbH, which controls Vantage Towers AG. The transaction is valued at 1.3 billion euros.

With this further sale, the 50:50 joint venture with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR, which was intended when the joint venture was established, is achieved.

As a result, the net proceeds for Vodafone from the sale of Vantage Towers amount to a total of 6.6 billion euros.

The Linklaters team was led by Kristina Klaaßen-Kaiser (Partner, Corporate/M&A, Düsseldorf). Other team members included Christoph van Lier (Counsel, Corporate/M&A, Düsseldorf), Christoph Barth (Partner, Antitrust & Foreign Investment, Düsseldorf), Julian Böhmer (Partner, Tax, Düsseldorf), Ibrahim Toksöz (Associate, Corporate/M&A, Düsseldorf), and Chao Fan Chen (Associate, Corporate/M&A, Düsseldorf).