{"id":326383,"date":"2022-10-20T10:10:28","date_gmt":"2022-10-20T10:10:28","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=326383"},"modified":"2022-10-20T10:10:28","modified_gmt":"2022-10-20T10:10:28","slug":"qatar-discusses-buying-state-held-stakes-in-vodafone-egypt-other-firms-for-2-5-billion","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/10\/20\/qatar-discusses-buying-state-held-stakes-in-vodafone-egypt-other-firms-for-2-5-billion\/","title":{"rendered":"Qatar discusses buying state-held stakes in Vodafone Egypt, other firms for $2.5 billion"},"content":{"rendered":"

Qatar Investment Authority (QIA) is in talks to acquire 20 percent in Vodafone Egypt from Telecom Egypt company with $2.5 billion well as other state-held stakes in unlisted companies, sources close to the matter told Bloomberg<\/a>.<\/p>\n

However,Telecom Egypt hasn\u2019t received a formal offer yet
\n<\/strong><\/p>\n

TE is in talks with three Arab sovereign funds to divest part of its stake in Vodafone Egypt, though the telecoms giant has yet to receive any official bids, a source close to the matter confirmed to Enterprise. We\u2019ve previously reported<\/a> that the Qatar Investment Authority (QIA), Saudi Arabia\u2019s Public Investment Fund, and Abu Dhabi\u2019s ADQ are all in talks with the government over a piece of Vodafone Egypt.<\/p>\n

What\u2019s the timeline on the Vodafone Egypt stake sale? <\/strong>TE could come to an agreement with one of the funds by the end of the year, our source confirmed.<\/p>\n

We knew this was coming:<\/strong> The three funds have been in talks with the government \u2014 which owns 80% of TE \u2014 over the Vodafone stake for the past few months. Bloomberg Asharq<\/a> reported previously that QIA is looking to acquire as much as 25% of the company, while our source tells us TE is open to selling up to a 20% stake in Vodafone Egypt \u201cat the right price that would bring maximum returns to shareholders.\u201d The EGX-listed telecoms giant holds a 45% stake in the company.<\/p>\n

QIA has reportedly been eyeing several Egyptian companies:<\/strong> The fund was rumored to be looking at the EGX as an entry point to deploy capital as part of moves by our neighbors in the region to help shore up our economy with an influx of FDI.<\/p>\n","protected":false},"excerpt":{"rendered":"

Qatar Investment Authority (QIA) is in talks to acquire 20 percent in Vodafone Egypt from Telecom Egypt company with $2.5 billion well as other state-held stakes in unlisted companies, sources close to the matter told Bloomberg.<\/p>\n","protected":false},"author":2,"featured_media":320077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,33],"tags":[109],"class_list":["post-326383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest","category-main","tag-vodafone-egypt"],"yoast_head":"\nQatar discusses buying state-held stakes in Vodafone Egypt, other firms for $2.5 billion - egy-africa<\/title>\n<meta name=\"description\" content=\"Qatar Investment Authority (QIA) is in talks to acquire 20 percent in Vodafone Egypt from Telecom Egypt company with $2.5 billion well as other state-held stakes in unlisted companies, sources close to the matter told Bloomberg.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/10\/20\/qatar-discusses-buying-state-held-stakes-in-vodafone-egypt-other-firms-for-2-5-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qatar discusses buying state-held stakes in Vodafone Egypt, other firms for $2.5 billion - 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