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General

FT buys out Alcazar Capital stake in Orange Kenya

Monday 21 January 2013 | 13:53 CET | News
France Telecom has bought the 11 percent stake owned by Alcazar Capital in Orange Kenya for an undisclosed amount, According to Business Daily, FT also replaced Alcazar's CEO Charbel Jaoude on the Orange Kenya board. The deal means that the French firm now fully owns the 60 percent stake in Orange Kenya initially held by an entity known as Orange East Africa, a special purpose vehicle created by France Telecom and Alcazar Capital after jointly acquiring a controlling stake in the Kenyan operator in 2007. The latest deal closed in 2012, according to Tom Wright, the press officer of FT. He

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Categories: General
Companies: France Telecom / Orange / Orange Kenya
Countries: Kenya
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