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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Vivendi’s $10bln Zain Africa deal breaks down

Posted on 21 July 2009

From Timesonline.co.uk: A planned $10 billion deal by Vivendi, the French media group, to buy a majority stake in the African telecoms operations of Zain, the Kuwaiti mobile group whose biggest shareholder is Kuwait’s sovereign wealth fund, has broken down.
Vivendi said today that it had called off negotiations after deciding the deal did not fit its investment criteria……..Full Article: Source


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