Iliad Group offers 10.45 billion euro deal to combine with Vodafone Italia

  • Vodafone shares rise 4.6% after Iliad Group proposes merger of Italian operations
  • Deal values Vodafone Italia at 10.45 billion euros
  • New company jointly owned by Vodafone and Iliad will combine their Italian businesses
  • Vodafone would receive EUR6.5 billion in cash and a EUR2.0 billion shareholder loan
  • Merged business expected to generate revenue of EUR5.8 billion and EBITDA after leases of EUR1.6 billion by March 2024

Shares of Vodafone Group rose 4.6% after Iliad Group proposed a merger of their Italian businesses, valuing Vodafone Italia at 10.45 billion euros. The plan is to create a new company jointly owned by Vodafone and Iliad, combining their Italian operations. Under the proposal, Vodafone would receive EUR6.5 billion in cash and a EUR2.0 billion shareholder loan, while Iliad would get EUR500 million in cash and a EUR2.0 billion shareholder loan. The merged business is expected to generate revenue of EUR5.8 billion and EBITDA after leases of EUR1.6 billion by March 2024.

Public Companies: Vodafone Group (VOD), Iliad Group (ILD)
Private Companies:
Key People: Xavier Niel (Main Shareholder)

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Factuality Level: 8
Justification: The article provides factual information about the proposal made by Iliad Group to merge their Italian businesses with Vodafone. It includes details about the valuation of Vodafone Italia, the support of Iliad’s board and main shareholder, and the proposed financial terms of the deal. The article does not contain any obvious bias or opinion masquerading as fact. However, it is worth noting that Vodafone has not issued a statement on the deal, so there may be some uncertainty regarding their response.

Noise Level: 7
Justification: The article provides information about a proposal for a merger between Vodafone and Iliad Group in Italy. It includes details about the valuation of Vodafone Italia and the terms of the proposed deal. However, the article lacks analysis of long-term trends or antifragility. It also does not hold powerful people accountable or explore the consequences of the decision on those who bear the risks. The article stays on topic and provides some evidence and data, but it does not offer actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: Shares of Vodafone Group

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article pertains to a financial topic as it discusses the proposal for a merger between Vodafone Group and Iliad Group’s Italian businesses. However, there is no mention of an extreme event or its impact.

Reported publicly: www.marketwatch.com