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Vodafone considering raising $4.7bn from Vantage Towers IPO: Report

Vodafone Group Plc is considering raising about 4 billion euros ($4.7 billion) from an initial public offering of its European towers unit early next year, according to people familiar with the matter. UK-based Vodafone is planning to list its Vantage Towers unit in Frankfurt as soon as the first quarter in a deal that could value the business at around 20 billion euros, including debt, the people said, asking not to be identified as the details aren’t public. This could make it the largest IPO on a European exchange for more than three years, data compiled by Bloomberg show.

News source ~ Economic Times