MTN offered $7.8bn for Orascom jewel

EGYPTIAN cellphone group Orascom revealed yesterday for the first time the price MTN was prepared to pay for its lucrative Algerian unit, Djezzy, even as it confirmed talks with the Algerian government over the same asset.
MTN is in takeover talks with Orascom.
Orascom Telecom’s executive chairman, Naguib Sawiris, told Reuters that MTN had offered $7,8bn for [...]

Saudi Arabia, a promising new market for private equity

Chairman Ahmed Heikal speaks at the Euromoney Saudi Arabia Conference about the potential of the Kingdom as one of the region’s most attractive markets for private equity investments
As the world’s largest oil producer, Saudi Arabia holds an immense amount of potential as it builds a broad-based economy and continues to [...]

Investec set to clinch a 7% stake in OK

A SUBSIDIARY of Investec Bank, Investec Asset Management Company will emerge with a 7% stake in OK Zimbabwe after the asset manager agreed to underwrite the Zimbabwe Stock Exchange retailer’s rights issue. Market sources told business digest that in the event that OK fulfills the terms of the convertible loan notes, the move would result [...]

PSG readies to increase stakes in its subsidiaries

PSG was set to increase stakes in three of its subsidiaries as part of its growth strategy, Jannie Mouton, the executive chairman, said last week.
Mouton said PSG would raise its shareholding in Zeder, an investment company focusing on food processing; Paladin, PSG’s preferred private equity investment company; and PSG Konsult, a network of professional financial [...]

SA Private Equity gains confidence

South African private equity firms are increasingly looking at the rest of the continent, spurred by the success of local telecoms and retail companies in Africa’s frontier markets, according to KPMG.
Africa’s biggest economy accounted for more than 70 percent of the sub-Saharan region’s $2.9 billion of private equity deals in 2008, but this share is [...]

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SA Private Equity gains confidence

South African private equity firms are increasingly looking at the rest of the continent, spurred by the success of local telecoms and retail companies in Africa’s frontier markets, according to KPMG.
Africa’s biggest economy accounted for more than 70 percent of the sub-Saharan region’s $2.9 billion of private equity deals in 2008, but this share is [...]

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