Brief: Telecom Egypt Grants Preliminary Approval To Helios Investment's Binding Offer

Telecom Egypt SAE

07/09/2025 07:32

Sept 7 (Reuters) - Telecom Egypt Co SAE ETEL.CA:

TELECOM EGYPT - GRANTS PRELIMINARY APPROVAL TO HELIOS INVESTMENT'S BINDING OFFER

TELECOM EGYPT - BINDING OFFER TO ACQUIRE A STAKE RANGING FROM 75% TO 80% IN A SUBSIDIARY

TELECOM EGYPT - CO WILL RETAIN APPROX 20% TO 25% STAKE IN UNIT

TELECOM EGYPT - EFG HERMES IS ACTING AS SOLE M&A FINANCIAL ADVISOR ON DEAL

BINDING OFFER SUBMITTED BY HELIOS INVESTMENTS COMPRISES AN AGGREGATE VALUATION OF 100% OF RDH ON A DEBT-FREE, CASH-FREE BASIS OF USD 230 MILLION AND COULD REACH UP TO USD 260 MILLION

ADSERO-RAGY SOLIMAN & PARTNERS, AND A&O SHEARMAN ARE ACTING AS LEGAL ADVISORS FOR TELECOM EGYPT

Source text: [ID:]

Further company coverage: ETEL.CA

 ((Reuters.Briefs@thomsonreuters.com;))