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General

Etisalat shareholders set borrowing limit for Maroc stake

Thursday 30 May 2013 | 09:55 CET | News
UAE-based Etisalat's shareholders have agreed to raise external funding in excess of the company's capital to pursue a majority stake in Maroc Telecom, the National reported. Shareholders at the Extraordinary General Meeting outlined a cap of USD 8.75 billion on the amount Etisalat can borrow to fund the acquisition. Etisalat and Ooredoo are vying for the French conglomerate Vivendi's 53 per cent stake in Maroc Telecom.

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Categories: General
Companies: Etisalat / Maroc Telecom / Ooredoo / Vivendi
Countries: United Arab Emirates
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