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Etisalat prepares for Maroc stake bid
- United Arab Emirates: Monday, April 08 - 2013 at 03:26
Etisalat has lined up an $8bn dual-tranche loan facility to finance its bid to acquire Vivendi's stake in Maroc Telecom, Reuters has reported, citing bankers working on the deal. The stake has a market value of around $6bn, and the winning bidder is expected to eventually make an offer to buy out the minority shareholders, which would add to the purchase price. Separately, Qatar's Ooredoo is also talking to banks about a loan facility to finance its bid for the stake.
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