Slaughter and May is advising Vodafone Group Plc (“Vodafone”) on the sale of Vodafone Magyarország Zrt (“Vodafone Hungary”) to 4iG Nyrt (a Hungarian listed telecoms and IT group) and Corvinus Zrt (a sovereign investment management company owned by the State of Hungary). Vodafone will receive a total cash consideration of HUF 660 billion (EUR 1.7 billion), subject to customary purchase price adjustments. Proceeds from the sale are intended to be used for deleveraging.
Completion of the transaction is subject to customary conditions and is expected to take place in January 2023.
Slaughter and May has been working closely with the Vodafone legal team, led by Rebecca Symondson and Fiona Campbell.
Corporate
IP/IT
Duncan Blaikie
Partner
Matthew Harman
Associate
George Mole
Associate
Oliver Noble
Associate
Issabella Cardu
Associate
Anton Nilsson
Associate
Chaya Kupperman
Associate
Financing
Charlie McGarel-Groves
Partner
Tax
Mike Lane
Partner
Gabrielle Pereira
Associate
Competition
Claire Jeffs
Partner
Alexander Chadd
Senior Counsel
Pensions, Employment and Incentives