Tuesday 8 September 2009

Abu Dhabi not interested in Zain stake -paper

Abu Dhabi Investment Authority (ADIA) is not involved in talks to buy a 46 percent stake in Kuwaiti telecom firm Zain , an Arabic language daily said on Tuesday, contradicting previous media reports.

Unidentified sources told Al-Ittihad newspaper that ADIA had showed no interest in buying a stake.

Kuwaiti newspaper reports said on Monday the Abu Dhabi sovereign wealth fund was part of a group in discussions to buy a stake in the telecoms operator.

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