Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Monday, 8 February 2010
No offers for Kuwait Zain Africa assets: statement
Kuwaiti telecoms company Zain, whose chief executive resigned last week, said on Monday it has not received any offers for the sale of its Zain Africa assets.
"With regard to information published in a local newspaper on buying Zain Africa assets, the group would like to state that there are no offers at present," the company said in a statement on the bourse website.
Zain, the Gulf's third-largest telecoms company by market value, halted talks in October to sell African assets to appease potential buyers of a stake in Zain Group.
Chief Executive Saad al Barrak's resignation comes amid uncertainty over the fate of a delayed $13.7 billion deal for Kuwaiti family conglomerate Kharafi Group to sell a 46 percent stake in Zain at 2 dinars per share to a consortium of Asian investors.END
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment