Etisalat $12bn M&A deal ‘not dead yet’, say bankers

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Etisalat $12bn M&A deal ‘not dead yet’, say bankers

It has been a week of ups and downs for loan bankers waiting for the $12bn financing for Etisalat’s acquisition of a 46% stake in Kuwaiti peer Zain. On Tuesday, the main selling shareholder, the Kharafi family, said in a statement to the Kuwaiti bourse: "We declare an end to our commitment."

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