Wednesday 20 June 2018

Altimo says no plan for new Orascom offer

Russian firm Altimo said on Sunday it had no plans to launch a new offer to buy out minority shareholders in Orascom Telecom (OTH) after Egypt's regulator rejected its attempt to reopen its earlier tender. Orascom Telecom, a h


Altimo's Orascom Telecom bid fails

Russia's Altimo failed to secure a majority stake in Egypt-based Orascom Telecom by a Monday deadline and said it was ready to take a smaller interest in the company if Egypt's financial market regulator


Orascom Telecom rejects Altimo buyout offer

  Egyptian group Orascom Telecom Holding's management has recommended shareholders reject an offer by a subsidiary of Russian billionaire Mikhail Fridman's Altimo to buy the company for $0.7

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