Batelco to borrow $650m for CWC deal
- Bahrain: Thursday, December 06 - 2012 at 01:29
Batelco has said it is close to sealing a $650m loan deal that will allow it to buy Cable & Wireless Communications assets in Monaco and elsewhere, Reuters has reported. The bridge loan for up to 12 months will be replaced by a bond, said Peter Kaliaropoulos, Batelco's chief executive for strategic assignments. The loan with Citigroup and BNP Paribas will fund the first stage of the acquisition, which totals $680m and will see state-controlled Batelco buy CWC's Monaco and Islands division. The company will decide how to finance the second stage of the acquisition within the next 12 months, Kaliaropoulos said.
- Burj Al Arab introduces 24-carat gold iPads
- Qatar signs ATA with Burundi
- Total buys Shell's fuel network in Egypt
- More than 2,000 healthcare professionals gather...
- Kuwait confirms new swine flu case
- Dallas/Fort Worth International Airport to be...
- BBM coming to iPhone and Android this summer
- Omantel launches Samsung Galaxy S4 LTE smartphone
- World's highest observation decks
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 / 4C 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 / 4C 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 / 4C.
In no event shall AME Info FZ LLC / 4C 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.