Vodafone reportedly in talks to sell off Spanish operation to Zegona

According to reports operator Vodafone is negotiating the sale of its Spanish business to investment group Zegona.
The reports appear to have emanated from Spanish newspaper Expansion (paywalled) and subsequently reported elsewhere by the likes of Bloomberg and Reuters.
The gist of the reporting is that Zegona is looking for financing to buy Vodafone’s Spanish operations and that the bid could value the whole company at over €5 billion, though Zegona could only purchase a 50% stake. M