WeBuyCars spinoff gets shareholder nod, and Vodafone inks R163bn Italian exit deal

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Business brief | WeBuyCars spinoff gets shareholder nod, and Vodafone inks R163bn Italian exit deal

In a relatively slow day for corporate news, Transaction Capital's shareholders overwhelmingly approved the unbundling of WeBuyCars. In international news, telecoms giant Vodafone has agreed to sell its Italian unit for more than R163 billion.During a meeting on Friday, shareholders constituting 82% of the group's issued shares overwhelmingly approved a move that is expected to see the vehicle trader separately list on the JSE in April.

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Source: News Formal (newsformal.com)

 

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