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Zegona raises 300 million euros in equity for Vodafone Spain deal

Published 13/11/2023, 08:58
© Reuters. FILE PHOTO: People walk past a Vodafone store in Ronda, Spain, October 3, 2022. REUTERS/Jon Nazca/File Photo

LONDON (Reuters) - Zegona Communications, Eamonn O'Hare's European telecoms investment vehicle, said on Monday it had raised 300 million euros ($321 million) from shareholders to help fund its 5 billion euro acquisition of Vodafone (LON:VOD) Spain.

Zegona said last month it would aim to raise between 300 million and 600 million euros in equity for the deal, which is mainly debt funded.

($1 = 0.9354 euros)

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