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Etisalat Group increases stake in Maroc Telecom to 53%

Wednesday 18 August 2021 | 09:34 CET | News
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The Etisalat Group said it has taken ownership in Etisalat Investment North Africa, after buying the 8.7 percent it did not yet own from Abu Dhabi Fund for Development. The deal increases Etisalat Group's effective ownership in Maroc Telecom Group to 53 percent from 48.4 percent, Etisalat said in a statement to the bourse. The acquisition for USD 505 million will be funded by bank borrowings.

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Categories: General
Companies: Etisalat / Maroc Telecom
Countries: Africa / Middle East / Morocco
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