Saturday, 22 July 2017

Altimo moves for Orascom stake, Vimpelcom will not sell out

By Mary Lennighan, Total Telecom
Tuesday 16 April 13

Russian investment firm insists proposed $3.67 billion deal is good value for Orascom shareholders despite analysts' concerns.

Russian investment firm Altimo has launched a bid to acquire all the shares in Egypt's Orascom Telecom Holding that are not already held by Russian telco and Altimo subsidiary Vimpelcom. Altimo on Tuesday confirmed that it has launched a mandatory cash tender offer to acquire all outstanding ordinary shares in Orascom at US$0…

Russian investment firm Altimo has launched a bid to acquire all the shares in Egypt's Orascom Telecom Holding that are not already held by Russian telco and Altimo subsidiary Vimpelcom. Altimo on Tuesday confirmed that it has launched a mandatory cash tender offer to acquire all outstanding ordinary shares in Orascom at US$0…

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