Wednesday 25 November 2009

Nomura, BNP named advisers in Kuwait Zain deal

Kuwait's Kharafi Group, which has agreed to sell a 46 percent stake in telecoms firm Zain (ZAIN.KW) to a consortium of Asian investors, has named BNP Paribas (BNPP.PA) as its adviser in the sale, a Kharafi official said.

Japanese bank Nomura (8604.T) has been named the adviser to the consortium, led by India's Vavasi Group, Kharafi Group vice chairman Bader al-Kharafi told Reuters on Tuesday.END

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