Malaysia's indigenous entrepreneurs 丹斯里赛莫达 of al-Bukhari Group, a consortium with Indian partners, together with 14 billion U.S. dollars (about RM 49 billion pounds) acquisition of listed mobile telecommunications company Zain Kuwait's 46% stake in telecommunications .
al-Bukhari Group of the Indian partners, including India's state-run telecom service provider-Bharat Sanchar Nigam (BSNL), Mahanagar Telephone Nigam Vavasi Telecom Group Company and is expected the acquisition will be completed within 4 months into.
Zain is the UAE's largest mobile telecommunications
Zain Telecom is the largest mobile telecommunications company United Arab Emirates, Middle East and Africa in 23 countries with 65 million mobile phone users. As of this week two (Sept. 8), this company's market capitalization of 230 billion (about 80.5 billion ringgit).
The company's largest private shareholder - Viagra Rafi Group Chief Executive Officer of Bali Diais may Rafi said at a press conference earlier, according to the provisions of Kuwait Stock Exchange, the acquisition will be a one-off models paid. Kuwait Investment Company responsible for the national arrangements for the equity transaction.
He said the deal KD 2 per share (about 7 U.S. dollars), about the current market price per share Zain Telecom 1.5 dinars (about 5.2 U.S. dollars).
The Government of Kuwait holds 24.6% stake in Zain Telecom, which paid-up capital of 400 million 27.5 million Kuwaiti dinars (about 1.4 billion 90 million U.S. dollars).
He said, Zain Telecom's 46% stake of about 20 million shares, if the price of 2 dinars per share, the total purchase price was 3.9 billion, 33 million dinars, or equal to 13.7 billion U.S. dollars.
"46% stake to a controlling interest, as this company of which 10% of the shares held by the Company Board of Directors, and no shares of voting stock."
Last week, shareholders voted in favor of this right of cancellation of foreign ownership restrictions to allow foreigners to hold majority controlling interest.
Bali Diais may Rafi said the company believes that this is a good opportunity to sell shares back, but buyers and sellers of the transaction are profitable, their place.
July 9 this year, since the news that Zain telecommunications market shares may change hands a message to share around Going up 53%. India and Malaysia currently 46% stake in the consortium in their respective shareholding allocations, it is not clear.
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