The investment vehicle, controlled by Polish businessman Zygmunt Solarz-Zak, will pay a cash consideration of £815 million before tax and transaction costs.

The telecoms company commented that the disposal underpins Vodafone’s strategy to realise value from its non-controlled assets. Net proceeds from the sale of Vodafone’s stake would be used to reduce its net debt.

Round-up of today’s M&A deals

• Political publisher Dods has acquired the news aggregation site PoliticsHome from Political Investments and Politics Home both of which are controlled by former Conservative Party deputy chairman Lord Ashcroft.
  

Value: Dods will pay consideration of up to £2 million in 2014, depending on certain revenue targets.

Advisers: Cenkos Securities

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• Restore has bought out Management Archives
  

Value: £730,000

Advisers: Cenkos Securities, Threadneedle Communications

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• Mecom Group has reached agreement to sell Presspublica to Gremi Media. Presspublica publishes a Polish national daily newspaper “Rzeczpospolita” and operates a number of related websites
  

Value: £18.1 million

Advisers: Citigate Dewe Rogerson, Gleacher Shacklock