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French Tycoon Seeks to Acquire Vodafone Ghana in All-Cash Deal

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Telecel Group, headed by French tycoon Hugues Mulliez, said it’s in talks with Ghanaian authorities to get approvals for a deal to buy Vodafone Group Plc’s operations in the West African country in an all-cash deal.

The company said in a statement on Wednesday it’s signed a sales agreement with Vodafone for its operations in Ghana, as the British telecommunications giant looks to refocus on key markets. It hasn’t received approvals for the deal yet.