Register | Forgot password?
Switch to Arabic
Monday, November 30 - 2009
Page navigation Browse related articles

Zain stops Africa asset talks

  • Kuwait: Tuesday, October 06 - 2009 at 12:57

Saad al-Barrak, CEO of Kuwait's Zain, the Gulf's third-largest telecoms firm by market value, has said the company has halted talks to sell its African assets to appease potential buyers of a stake in Zain Group, Reuters has reported. 'Zain's Africa talks are halted for this reason,' he told reporters when asked if talks had been frozen at the request of the potential consortium looking to buy a 46% stake in the whole company.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.