Orascom sells 3% stake in HTIL (Egypt)Orascom Telecom has sold 143.43 million Hutchison Telecommunications International shares, representing 3 percent of HTIL’s outstanding shares, at a price of HKD 10.70 per share. Total proceeds from the sale are HKD 1.53 billion. This transaction brings OTH’s ownership in HTIL down to 16.19 percent, and is in line with its strategy to monetise part of its stake in HTIL while retaining its corporate governance rights.
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