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.%
1.2136
-0.0037
0.3011%
1.4129
-0.0007
0.0513%
Tadawul
10322.68
86.96
0.85%
27.293
-0.512
1.841%
64.800
-0.592
0.905%
68.32
-0.07
0.10%
1835.020
-9.205
0.499%
 
 
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