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Egypt bourse suspends Orascom Tel trade pending news - Daily News Egypt

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Egypt bourse suspends Orascom Tel trade pending news

The Egyptian stock exchange has suspended trade on Orascom Telecom pending the firm’s planned Tuesday announcement of material information, three traders told Reuters on Monday. The Cairo-based firm told the exchange it would make its statement on Tuesday, without providing details. South Africa’s MTN Group has said it is in talks about a potential deal, …


The Egyptian stock exchange has suspended trade on Orascom Telecom pending the firm’s planned Tuesday announcement of material information, three traders told Reuters on Monday.

The Cairo-based firm told the exchange it would make its statement on Tuesday, without providing details.

South Africa’s MTN Group has said it is in talks about a potential deal, without naming who it was speaking with. A source told Reuters on Thursday than MTN was seeking $5 billion to buy Orascom assets.

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https://www.dailynewsegypt.com/2010/04/26/egypt-bourse-suspends-orascom-tel-trade-pending-news/
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