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Orascom Telecom shares up 3 pct on Vimpelcom deal

Those assets include a 51.7 percent stake in Orascom Telecom.

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January 17, 2011 12:16 by



Shares in Egypt’s Orascom Telecom  were up 3 percent in early Monday trading after Vimpelcom’s  supervisory board gave final approval to a revised bid for most of Egyptian tycoon Naguib Sawiris’s assets.

Those assets include a 51.7 percent stake in Orascom Telecom.

The benchmark EGX30 index  was up 0.5 percent at 0841 GMT.



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