Vivendi deals blow to loan mart by ending Zain talks

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Vivendi deals blow to loan mart by ending Zain talks

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Europe’s acquisition loan market was dealt a blow on Monday when French media firm Vivendi halted talks to buy a majority stake in Kuwaiti mobile phone company Zain’s African operations. Vivendi reportedly offered $10.5bn for 65% of the assets and was trying to secure bank debt of about Eu4.5bn to back the acquisition.

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