Activist Investor Cevian Builds Stake in Vodafone
- Vodafone discussed improving performance with Sweden’s Cevian
- Telecom giant’s U.S. shares rise as much as 5.8% on news
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Activist investor Cevian Capital AB has built a stake in British telecommunications giant Vodafone Group Plc, people familiar with the matter said.
The Swedish investment firm has been in talks with Vodafone officials in recent months as it pushes the carrier to improve performance, the people said, asking not to be identified because the information is private.