Pounds 1.4bn Sale Brings No Respite for Voda Boss ; Market Report
Evening Standard - London › August 25, 2006
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Summary
POOR old Arun Sarin. The lightning-rod Vodafone chief executive raises e2 billion (Pounds 1.4 billion) selling a stake in a little- known Belgian mobiles firm, and still the share price barely budges.
Deutsche Bank and Goldman Sachs analysts gave the thumbs-up to the deal to sell Voda's quarter share of Proximus to Belgacom but the rest of the market gave a Gallic - or should that be Walloon? - shrug.See the full content of this document
Extract
Pounds 1.4bn Sale Brings No Respite for Voda Boss ; Market Report
The shares edged up just 11/4p to 112p.
Sarin's troubles just seem to get worse. Earlier this month, Citigroup became the latest broker to downgrade it a...See the full content of this document
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