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LONDON - Swiss investment firm Patinex AG has acquired a 3% stake in British telecommunications company Vodafone Group Plc (LSE:VOD), according to a regulatory filing released Tuesday.
The notification shows that Patinex AG, controlled by Swiss investors Martin and Rosmarie Ebner, now holds 730 million voting rights in Vodafone, representing approximately 3.004% of the company’s total voting rights. The threshold was crossed on August 21, with Vodafone being notified on August 26.
The stake acquisition makes Patinex AG a significant shareholder in one of Europe’s largest telecommunications providers. Vodafone operates networks in 15 countries with investments in an additional five and partnerships in over 40 more.
The regulatory filing, known as a Major Shareholding Notification, is required under UK financial regulations when an investor crosses certain ownership thresholds in publicly listed companies.
Patinex AG, based in Wilen bei Wollerau, Switzerland, holds the voting rights directly rather than through financial instruments, according to the disclosure.
Vodafone Group, headquartered in the UK, serves over 355 million mobile and broadband customers globally and operates one of the world’s largest Internet of Things platforms with more than 215 million IoT connections.
The information in this article is based on a regulatory press release statement filed with the Regulatory News Service (RNS).
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