Altimo Bids for Orascom

(Reuters) – Egypt’s stock exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman’s Altimo had offered to buy 100 percent of Egypt’s Orascom Telecom. The $3.7 billion offer from a Cyprus-based firm owned by Altimo is at a...
Bakrie’s Visi Media surges on takeover offer

Bakrie’s Visi Media surges on takeover offer

Reuters 31 March 2103 Shares in PT Visi Media Asia Tbk, controlled by the politically connected Bakrie family, jumped as much as 20.4 percent on Monday after the company received takeover proposal from Indonesia-based CT Corp. Indonesia’s fifth-richest man...
MTS Buys Bank Stake

MTS Buys Bank Stake

MOSCOW, March 29 (Reuters) – Russia’s top mobile phone operator MTS said on Friday it has acquired a 25.1 percent stake in MTS Bank for 5.1 billion roubles ($164 million) by buying additional shares issued by the bank. The deal was concluded in accordance...

Sarkozy: from the Elysée to private equity

Financial Times 28 March 2013 Nicolas Sarkozy has spent virtually all his professional life in politics but has long made no secret of his desire to make money after leaving office. In the months since he lost power, he and his closest advisers have been casting...