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Firering Strategic Minerals : from explorer to producer
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Vodafone Closes Deal To Buy Italy-Based Cobra Automotive Technologies

Thu, 07th Aug 2014 06:50

LONDON (Alliance News) - Vodafone Group PLC Thursday said its bid to acquire Italy-based Cobra Automotive Technologies SpA has become wholly unconditional, and the EUR145 million deal will complete on Friday.

Vodafone is due to buy more than 95% of the share capital of Cobra, a security and telematics services provider, through the offer and will then look to acquire the remaining shares in the company.

The deal is the latest acquisition made by Vodafone since the sale of its stake in the Verizon Wireless joint venture to Verizon Communications in February.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2014 Alliance News Limited. All Rights Reserved.

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