UAE’s Etisalat in talks to acquire stake in Kazakhtelecom

2019-03-31 10:42:24 GMT (Economies.com)
 

UAE’s telecom operator Etisalat is holding talks with sovereign wealth fund samruk-Kazyna to acquire a stake in Kazakhtelecom, in which the fund owns a 51%.

 

This comes as the fund is planning a slew of IPOs of its government-owned companies, according to Bloomberg.

 

“Just recently we had a meeting with Etisalat. Now they are holding negotiations because they have a few questions which need to be discussed. They have not reached any decision,” Akhmetzan Yessimov, chief executive officer (CEO) of Kazakhstan’s Samruk-Kazyna sovereign wealth fund told reporters.

Both sides are planning to conduct their next meeting in May.  

 
 
 
  Symbol Last Change Chg.%
1.1231
-0.0046
0.4110%
1.2458
0.0150
1.2191%
Tadawul
7312.24
58.91
0.81%
18.014
0.235
1.322%
40.225
1.450
3.740%
42.58
-0.54
1.25%
1776.200
4.585
0.259%
 
 
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