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FINANCIAL NEWS
Etisalat declines shares’ purchase in Maroc
25 May 2014
(MENAFN) Etisalat, which this month bought a 53 per cent stake in Maroc Telecom, has announced that it declined an offer to buy the remaining shares in the Moroccan firm, according to Gulf Daily News.
Etisalat said it had been exempted from making an offer to minority shareholders, which is usually required under Morocco’s takeover rules.
Etisalat paid USD5.7 billion for Vivendi’s stake in Maroc Telecom, while the remaining shares are split between a 30 percent stake owned by the government and 17 percent of freely tradable shares.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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