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46 percent of Zain to be sold this week
The Kuwaiti family firm Kharafi Group and other investors…
September 7, 2009 2:41 by kippreport
The Kuwaiti family firm Kharafi Group and other investors in telecom operator Zain are expected to sell about 46 percent of the company by the end of this week, a source familiar with the matter told Reuters. “There are talks now…[we will reach a deal] probably by the end of this week,” the source said.
The source did not mention who the buyers were, but according to other reports, a group of Asian companies could be the potential investors.