Etisalat offers Kharafi 1.7 dinar/shr for Zain-source
Etisalat said on Wednesday it had submitted a preliminary conditional offer to buy a stake in Zain.
September 30, 2010 9:30 by Reuters
Emirates Telecommunications Corp(Etisalat) has offered major shareholder the Kharafi Group 1.7 dinars ($5.97) per share for its stake in Kuwaiti telco Zain , a source close to the deal told Reuters.
The source, who declined to be named, was speaking after Etisalat said on Wednesday it had submitted a preliminary conditional offer to buy a stake in Zain.
(Reporting by Diana Elias; editing by Firouz Sedarat)
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