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Market Impact: 0.55
Drahi Sells Stake in Vodafone’s German Fiber Venture to SocGen
Source: Bloomberg
M&A & RestructuringCompany FundamentalsTrade Policy & Supply Chain
Societe Generale will buy Patrick Drahi’s 50% stake in OXG, the German fiber joint venture with Vodafone, as Drahi continues to sell telecommunication assets to reduce leverage. The deal signals active balance-sheet restructuring rather than operational deterioration. Likely to be a meaningful, though not market-wide, driver for related telecom/fiber stakeholders.
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