Thursday, December 23, 2010

Airtel To Increase Its Zambian Stake to 97%

India’s Bharti Airtel is expected to increase its stake in its Zambian listed subsidiary from 79% to 97% following the conclusion of a mandatory offer to buy out minority shareholders, launched in November.

Bharti first acquired a stake in Airtel Zambia when it purchased the assets of Kuwait’s Zain earlier this year. Under local rules, companies are usually delisted if a single shareholder owns more than a 95% stak

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