Etisalat submits mandatory bid for Maroc Telecom minority shares | Etisalat submits mandatory bid for Maroc Telecom minority shares -
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Etisalat submits mandatory bid for Maroc Telecom minority shares

: Thursday, May 22 - 2014 @ 01:09

Etisalat, which this month bought a 53% stake in Maroc Telecom, has submitted a mandatory tender offer to buy the remaining shares in the Moroccan firm, Reuters has reported. The Abu Dhabi-headquartered has submitted its tender to the Moroccan authorities for their approval. Morocco regulations state an acquiring company must offer to buy out minority shareholders if it owns 40% or more of the voting rights of the company.

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Thursday, May 22- 2014 @ 1:09 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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