UAE’s Etisalat in talks to acquire stake in Kazakhtelecom

2019-03-31 10:42:24 GMT (Economies.com)
UAE’s Etisalat in talks to acquire stake in Kazakhtelecom
 

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.%
1.1146
-0.0098
0.8742%
1.2897
-0.0105
0.8049%
14.911
-0.093
0.623%
65.713
1.702
2.660%
74.57
0.06
0.08%
1273.665
-2.035
0.160%
 
 
News Today