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Article: France : Egypt Rejects France Telecom's Mobinil Bid Appeal.
- Article from:
- TendersInfo
- Article date:
- August 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
France Telecom SA s appeal was rejected in its bid to buy the remaining shares of the Egyptian Co. for Mobile Services, said Khaled Seyam, deputy head of Egypt s financial regulator.
A committee of three Egyptian judges has supported the regulator s decision to reject the bid, Seyam said in an interview after the meeting in Cairo. He didn t elaborate. France Telecom plans to challenge the decision in the Egyptian supreme court, Bertrand Deronchaine, a spokesman for the Paris- based company, said by telephone.
The Egyptian Financial Supervisory Authority has rejected three offers by France Telecom to acquire the remaining shares of ...