Zain Saudi Deal Failed Due To Disagreements With Banks -Chairman - Wal
 

04-10-11 01:22 AM

RIYADH (Zawya Dow Jones)--A joint bid by Kingdom Holding (4280.SA) and Bahrain's Batelco to buy 25% of Zain KSA (7030.SA), estimated to be worth as much as $1.2 billion, failed due to disagreements with the Saudi telco's lenders, its chairman said Monday.

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