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Wireless

Emirates Investment Authority increases stake in Du to over 50%

Monday 17 June 2019 | 11:08 CET | News
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The Emirates Investment Authority (EIA), the UAE sovereign wealth fund, has increased its stake in mobile operator Du. EIA bought 463.3 million shares from Mamoura Diversified Global Holding and General Investments in the deal, said Du parent Emirates Integrated Telecommunications Company (EITC) in a bourse filing. The transaction represented about 10.2 percent of Du's issued share capital.

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Categories: Mobile & Wireless
Companies: Du
Countries: United Arab Emirates
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