Activist Elliott takes stake in Vantage Towers, filing shows (updated)
31/01/2023 17:01
(Adds context on Elliott investments)
FRANKFURT, Jan 31 (Reuters) - Activist investor Elliott
ECAL.UL has disclosed a 5.6% stake in Vantage Towers
VTWRn.DE , the German-listed wireless masts business owned by
Vodafone VOD.L , a regulatory filing showed on Tuesday.
The stake is held in voting rights through shares and
instruments, the filing said.
Vantage Towers, which earlier reported a 4.8% increase in
third-quarter sales, is majority owned by Vodafone VOD.L ,
which will sell up to half of its 81.7% stake in the company to
a consortium of Global Infrastructure Partners and KKR KKR.N
in a deal announced in November.
This is the latest live deal in which Elliott has become
active in Germany and follows investments in Kabel Deutschland
and Uniper UN01.DE in recent years, both of which ended in
handsome payouts for the investor led by Paul Singer.
Elliott declined to comment.
(Reporting by Andres Gonzalez and Christoph Steitz
Editing by Paul Carrel and David Goodman)
((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))