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Egypt to monitor Mobinil price offer
- Egypt: Monday, July 20 - 2009 at 12:31
The Egyptian Financial Supervisory Authority will reject France Telecom's offers for outstanding shares in mobile operator Mobinil if the price is not equivalent to that set in an earlier arbitration ruling, Reuters has reported, citing the daily al Mal newspaper. The regulator had rejected on Thursday a third FT offer for the outstanding shares in Mobinil, saying the offer violated the principle of giving equal opportunity to all shareholders. A France Telecom offer would need to be backed by all holders of Mobinil's free-floating shares, the regulator has said.
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StaffMonday, July 20 - 2009 at 12:31 UAE local time (GMT+4)
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