Friday 18 April 2014
 
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Sawiris

Egyptian tycoon eyes Brazilian wireless firm

Egyptian billionaire Naguib Sawiris plans to bid for Brazilian wireless carrier TIM Participações SA, according to a newspaper interview published on Saturday, adding pressure to a delicate standoff between two European telecom gia

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Sawiris family to invest in Egypt ‘like never before’

Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be "investing in Egypt like never before" after the ousting of a president he accused of bullying opponents to

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Orascom buyout battle scars Egypt stock market

  A regulatory battle over an offer to buy out shareholders in Orascom Construction Industries may inflict damage on the Cairo stock market that lingers long after Egypt's politics stabilise and the economy recovers.

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Sawiris launches $5bn claim against Algeria

  Weather Investments (WI), a company headed by Egyptain businessman Naguib Sawiris, has launched a $5 billion claim against Algeria for damage to the company's stake in Orascom Telecom Algérie (known as Djezzy). 

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Sawiris interested in Vivendi's SFR: FT

Egyptian tycoon Naguib Sawiris is interested in buying the SFR telecom business from French group Vivendi, which is in the midst of a strategy review and working on asset sales, the Financial Times reported on Thursday. "We a

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Sawiris to drop support for EFG buyout

Egyptian billionaire Naguib Sawiris will drop out of a buy-out consortium targeting investment bank EFG Hermes after EFG shareholders backed an alternative tie-up with Qatar's QInvest, an EFG source told Reuters on Tuesday. But the head of

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Sawiris to fund EFG Hermes takeover bid

Egyptian billionaire Naguib Sawiris is helping finance a takeover bid for Egypt's biggest investment bank EFG Hermes that would ensure the company is not broken up, the bid consortium said. Plant IB, the group of Gulf investors and ban

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France Telecom finalises Mobinil buyout deal

France Telecom  has finalised a deal to buy out most of its partner's stake in Egyptian telecom operator Mobinil for 1.5 billion euros ($1.97 billion). This will leave the joint venture with 95 percent French ownership but significant

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Sawiris says no Mobinil stake sale plan

Egyptian telecoms magnate Naguib Sawiris said on Wednesday he had no plans to sell shares in Mobinil, a mobile phone joint venture with France Telecom. Mobinil shares reached their lowest since 2004 this month after the company reported a

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Sawiris to step down as Orascom Telecom head

Egyptian mobile operator Orascom Telecom's CEO will take over from Naguib Sawiris as executive chairman, the firm said on Monday, as the billionaire moves to get more involved in his country's changing politics. Ahmed Abou Doma, the former

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