Sat, Apr 19, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials

Etisalat drops $12bln bid for Zain

Posted on 22 March 2011

Etisalat has abandoned its plan to buy Zain because of regional unrest and resistance from some Zain board members. Zain is 24.6%-owned by Kuwait Investment Authority and majority owned by Al-Khair National Stocks and Real Estate Company.
Etisalat has discarded its $12 billion offer for a large stake in Kuwaiti operator Zain. The deal fell through due to the results of Etisalat’s due diligence process, a lack of unanimity among Zain board members and political unrest in the region……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930