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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kuwait’s Securities Group joins BSNL, MTNL in hunger for Zain

Posted on 13 October 2009

From Domain-b.com: With a major stake in United Arab Emirates-based telecom major Zain up for grabs, Securities Group Co, a Kuwait-based investment company, is considering a bid to buy the 24.6-per cent stake that state-owned wealth fund Kuwait Investment Authority is preparing to sell.

Securities Group joins India’s state-owned telecom companies Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd, as well as South Africa’s MTN Group, in expressing interest in Zain……………………Full Article: Source

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