BusinessPhoto: Mint CompaniesFrench Billionaire Xavier Niel Gets CCI Approval for 16.2% Vodafone Stake
The Competition Commission of India (CCI) has approved French billionaire Xavier Niel's €5.1 billion acquisition of a 16.2% stake in Vodafone Group. The stake, acquired through his investment vehicle Vega SAS from Emirates Telecommunications Group, will make Vega the largest shareholder in Vodafone.
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