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.%
1.2050
-0.0004
0.0324%
1.3931
-0.0004
0.0262%
Tadawul
9310.28
42.44
0.46%
26.049
-0.820
3.052%
61.004
-0.467
0.760%
64.07
1.32
2.10%
1711.010
-28.820
1.657%
 
 
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