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.%
1.1083
0.0021
0.1926%
1.3116
-0.0021
0.1629%
Tadawul
8125.68
59.26
0.73%
16.650
0.078
0.470%
58.875
-0.235
0.398%
63.89
-0.45
0.70%
1465.120
5.275
0.361%
 
 
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