Published: July 23, 2013
UAE telco offers US$5bn for Vivendi’s controlling stake in target.
UAE-based telecoms company Etisalat has entered exclusive talks to buy Vivendi’s stake in Maroc Telecom.
Etisalat has offered AED18.8bn (US$5.1bn) for the French telecom company’s 53% stake in the target, the rest of which is listed on the Casablanca Stock Exchange.
Etisalat has confirmed that a syndicate of local and international banks has already committed debt funding for the deal.