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UBS faces court case over deal feeUBS has got itself into a royal pickle in Kuwait. The Swiss bank is fighting a claim that it failed to pay a local sheikh for helping it secure the $10.7 billion sale of the African subsidiary of part state-owned telecom operator Zain. UBS More… |
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Etisalat sees Zain deal by Feb-endUAE telecoms firm Etisalat, bidding for a 46-percent stake in Kuwait's Zain, sees a bank deal to finance the $12 billion offer done by the end of February, it said on Thursday. Etisalat, the Gulf's largest telecoms firm, saw its bid for Za More… |
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Etisalat 'working to complete Zain deal'UAE's leading telecom operator Etisalat said it was still working to complete a "definitive transaction" with Kuwait-based Zain, despite missing a January 15 deadline for due diligence. Etisalat in its update on the status of its prop More… |
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Zain deal: More questions than answersEven after a news conference gave out names of the buyers planning to purchase a 46 percent stake in Kuwaiti telecom Zain, questions still surround the $13.7 billion deal. Any large acquisition comes with uncertainties, but rarely does a d More… |
