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Orascom shareholder meeting set for April 14 - Daily News Egypt

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Orascom shareholder meeting set for April 14

CAIRO: Egyptian group Orascom Telecom will hold a shareholder meeting on April 14 to approve a split of the company and a capital increase, it said on Tuesday. Financial regulator EFSA has approved the meeting at which OT will seek to boost its capital to LE 14 billion ($2.35 billion) from LE 7.5 billion to …


CAIRO: Egyptian group Orascom Telecom will hold a shareholder meeting on April 14 to approve a split of the company and a capital increase, it said on Tuesday.

Financial regulator EFSA has approved the meeting at which OT will seek to boost its capital to LE 14 billion ($2.35 billion) from LE 7.5 billion to fund its debt as well as divide the company into two.

Russian mobile operator Vimpelcom shareholders have approved a $6 billion-plus purchase of Wind Telecom, which owns OT, creating one of the world’s biggest mobile operators by number of subscribers.

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https://www.dailynewsegypt.com/2011/04/01/orascom-shareholder-meeting-set-for-april-14/
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