NPS Vatsalya can be initiated while the child is under the age of 18
UAE's e& has submitted an offer to increase its stake in Vodafone to 20%, e&'s CEO Hatem Dowidar told CNBC Arabia on Wednesday.
The company formerly known as Etisalat, e& has been gradually building up its stake in the British telecoms company ever since it took a 9.8% stake for $4.4 billion in May 2022.
Its ownership as of April stood at 14.61%, according to an SEC filing.
The UAE operator's cooperation with Vodafone is awaiting regulatory approvals in countries where the British company operates, which "include an agreement to regulate relations between the two companies, and also the possibility of increasing our stake to 20%," Dowidar said.
"We are hopeful to get these approvals in the next 3 or 4 months."
ALSO READ:
NPS Vatsalya can be initiated while the child is under the age of 18
Commerzbank CEO: UniCredit "might want more"
The public takeover offer will be subject to a minimum acceptance threshold of 50% plus one share of Covestro's capital
The UAE has 87 projects and 22,831 rooms in the construction pipeline
Scaling up was in Europe's best interest and it should be private sector players deciding whether to go ahead with deals, says European Central Bank President
Epic will also raise its competition concerns with regulators in the European Union
India-owned Tata Steel had been losing £1 million a day
The National Economic Registry (NER) -Growth also enables government entities to manage economic activities digitally based on the latest AI technologies