Kuwaiti telco Zain has changed the bank advising it on its US$11.7bn acquisition by Etisalat and the sale of Zain Saudi Arabia, TelecomFinance has learned.
Zain is now being advised on both transactions by Credit Agricole rather than UBS.
The…
Kuwaiti telco Zain has changed the bank advising it on its US$11.7bn acquisition by Etisalat and the sale of Zain Saudi Arabia, TelecomFinance has learned.
Zain is now being advised on both transactions by Credit Agricole rather than UBS.
The Al-Kharafis, the influential shareholders in Zain, are being advised by BNP Paribas, while Etisalat is advised by Morgan Stanley and NBK.
Etisalat is looking to buy a 46% stake in Zain, which must first sell its 25% stake in Zain Saudi Arabia.
