• HSBC
Page navigation Browse related articles

Egypt will rule on Mobinil dispute on Tuesday, says report

  • Egypt: Monday, August 03 - 2009 at 12:17

Egypt's Financial Supervisory Authority (FSA) has said it will rule on Tuesday on an appeal by France Telecom over an offer to buy all outstanding shares in mobile operator Mobinil, Reuters has reported, citing the local Al-Borsa newspaper. France Telecom was seeking to buy the outstanding shares for 237 Egyptian pounds each, significantly lower than what the regulator has previously demanded it pay, the newspaper said. A ruling in France Telecom's favour could pave the way for the purchase to go through the following day, Khaled Serry Seyam, the newspaper has quoted FSA deputy chairman, as saying.

Article Options

Disclaimer »

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions