Wednesday, March 4, 2009

Zain "Acquires 31% of Morocco's Wana"

Middle East and Africa mobile operator has acquired 31% of Morocco's Wana Corporate.  La Vie Eco quoting a reliable source says there has been an exchange of shares between Zain and the Wana share holders, 51% shareholder Ona and INS that has been with a 49% stake.

The report says it is not clear what stake either of the current shareholders have surrendered in the deal.

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