Monday, March 22, 2010

The Most Awaited Deal of the Year



First it started with major investors, now it's the whole of Kuwait and most of the world even.
I'm talking about the Zain-Baharati deal, where Bharti Telecom was in the process to Acquire Zain Africa (Zain's branch in Africa) the approximate value of the deal is $9 billion !
This acquisition will be joyful news for investors, major and minor, as the stock price for Zain will rise and it's cash flow will increase - in slang this means "Zain's making a heap of cash".
News is that the final step was completed yesterday afternoon where the Bharti officials in Kuwait stated that Bharti Telecom is going to proceed with the payment and the transfer will take place on or before the 25th of March, which is the deadline.
Having in mind that if Bharti cancel they will have to pay a fine of $100 million.

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