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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Etisalat said to offer $10.5 bln for Zain stake

Posted on 30 September 2010

From Bloomberg: Emirates Telecommunications Corp. known as Etisalat, is offering about $10.5 billion for a majority stake in Zain, Kuwait’s largest mobile-phone company. Kuwait Investment Authority, the country’s sovereign wealth fund, is Zain’s largest shareholder with 24.6 percent.
The bid is for all Zain assets controlled by shareholders who own about 46 percent of the company, including operations in Saudi Arabia, one of the people said, declining to be named because the talks are private……………………………………….Full Article: Source

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