Thursday, July 02, 2009

Africa: Zain is evaluating a bid for $10 Bn for its African operations

[ame] Kuwait's Zain has said it is cooperating with UBS AG and other advisers to study and review the company's strategy to maximize shareholder value. UBS was asked to consider a possible sale of Zain's African division, which it values at about $10bn, Bloomberg has said. Zain is yet to decide on a sale, which would exclude its Sudanese operations.

Zain to consult UBS

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