{"id":93128,"date":"2015-07-14T10:49:53","date_gmt":"2015-07-14T08:49:53","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=93128"},"modified":"2015-07-14T10:49:53","modified_gmt":"2015-07-14T08:49:53","slug":"pic-to-sell-off-some-of-its-stake-in-vodacom","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/93128\/pic-to-sell-off-some-of-its-stake-in-vodacom\/","title":{"rendered":"PIC to sell off some of its stake in Vodacom"},"content":{"rendered":"<p>The\u00a0Public Investment Corporation plans to sell a part of its stake in Vodacom, which it <strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/130872-government-sells-stake-in-vodacom-to-fund-eskom.html\">recently acquired from the government<\/a><\/strong>.<\/p>\n<p>This is according to a report by <strong><a href=\"http:\/\/www.cnbcafrica.com\/news\/financial\/2015\/07\/14\/vodacomstake-pic-southafrica\/\" target=\"_blank\">CNBC Africa<\/a><\/strong>.<\/p>\n<p>The government sold its 13.91% holding in Vodacom to the PIC at a 10% discount to raise funds for power utility Eskom.<\/p>\n<p>The PIC said it planned to sell 25 million Vodacom shares, about 1.7% of the company&#8217;s share capital, with Deutsche Bank AG as the sole bookrunner.<\/p>\n<p>&#8220;Subsequent to this transaction, PIC has agreed to a lock-up of 60 days on its remaining stake,&#8221; the report stated.<\/p>\n<p>&#8220;At R139, 25 million Vodacom shares would be worth R3.475 billion.&#8221;<\/p>\n<h3 class=\"my-4\">More on Vodacom<\/h3>\n<p><strong><a title=\"Permalink to Government sells Vodacom stake to help Eskom\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/92190\/government-sells-stake-in-vodacom-to-help-eskom\/\" rel=\"bookmark\">Government sells Vodacom stake to help Eskom<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Government close to Vodacom sale: report\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/91432\/government-close-to-vodacom-sale-report\/\" rel=\"bookmark\">Government close to Vodacom sale: report<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Selling Vodacom and Telkom the quickest way to help Eskom\" href=\"http:\/\/businesstech.co.za\/news\/general\/77297\/selling-vodacom-and-telkom-the-quickest-way-to-help-eskom\/\" rel=\"bookmark\">Selling Vodacom and Telkom the quickest way to help Eskom<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Public Investment Corporation plans to sell a part of its stake in Vodacom, which it recently acquired from the government.<\/p>\n","protected":false},"author":31,"featured_media":90256,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,2994,27],"class_list":["post-93128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-pic","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/93128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=93128"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/93128\/revisions"}],"predecessor-version":[{"id":93130,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/93128\/revisions\/93130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/90256"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=93128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=93128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=93128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}