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Orascom buyout battle scars Egypt stock marketA regulatory battle over an offer to buy out shareholders in Orascom Construction Industries may inflict damage on the Cairo stock market that lingers long after Egypt's politics stabilise and the economy recovers. More… |
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Sawiris launches $5bn claim against AlgeriaWeather Investments (WI), a company headed by Egyptain businessman Naguib Sawiris, has launched a $5 billion claim against Algeria for damage to the company's stake in Orascom Telecom Algérie (known as Djezzy). More… |
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Sawiris interested in Vivendi's SFR: FTEgyptian tycoon Naguib Sawiris is interested in buying the SFR telecom business from French group Vivendi, which is in the midst of a strategy review and working on asset sales, the Financial Times reported on Thursday. "We a More… |
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Sawiris to drop support for EFG buyoutEgyptian billionaire Naguib Sawiris will drop out of a buy-out consortium targeting investment bank EFG Hermes after EFG shareholders backed an alternative tie-up with Qatar's QInvest, an EFG source told Reuters on Tuesday. But the head of More… |
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Sawiris to fund EFG Hermes takeover bidEgyptian billionaire Naguib Sawiris is helping finance a takeover bid for Egypt's biggest investment bank EFG Hermes that would ensure the company is not broken up, the bid consortium said. Plant IB, the group of Gulf investors and ban More… |
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France Telecom finalises Mobinil buyout dealFrance Telecom has finalised a deal to buy out most of its partner's stake in Egyptian telecom operator Mobinil for 1.5 billion euros ($1.97 billion). This will leave the joint venture with 95 percent French ownership but significant More… |
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Sawiris says no Mobinil stake sale planEgyptian telecoms magnate Naguib Sawiris said on Wednesday he had no plans to sell shares in Mobinil, a mobile phone joint venture with France Telecom. Mobinil shares reached their lowest since 2004 this month after the company reported a More… |
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Sawiris to step down as Orascom Telecom headEgyptian mobile operator Orascom Telecom's CEO will take over from Naguib Sawiris as executive chairman, the firm said on Monday, as the billionaire moves to get more involved in his country's changing politics. Ahmed Abou Doma, the former More… |
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Egypt's Sawiris bids for Wind HellasEgyptian telecoms tycoon Naguib Sawiris, owner of Weather Investments, said on Thursday he had put in a binding bid for Greece's Wind Hellas, his latest effort to keep control of the Greek telecom operator. Sawiris currently owns the G More… |
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Egyptian billionaire in US deal talksEgyptian billionaire Naguib Sawiris is in talks with three US firms over the sale of 10 per cent of Italian holding company Weather Investments and expects a deal within weeks. 'It should be done in a couple of weeks,' Sawiris said on the More… |
