France telecom orascom put option tickers


Option france put telecom tickers orascom


The exercise price of the put options ooption equal to the market value of the shares, determined on the basis of the share price of ECMS, a listed company whose total market capitalization was 1.8 billion euros on December 31, 2008 and which was 51% owned by Mobinil, which in turn is 71.25% owned by France Telecom.

The Egyptian firm said a decision was expected to come after a 13 February meeting between the companies. France Telecom is the biggest orxscom in Mobinil and the second biggest is the family of Egyptian businessman Naguib Sawiris, who has a put option to sell his holding in Mobinil to the French company. The Egyptian mobile network is owned by a holding company called ECMS, which is in turn 29 percent pption on the stock. The stock is now worth just over half of whatFrance Telecom might have to pay for it if Sawiris exercises hisoption later this year.Mobinil said it had no information on any talks about itsfuture.Its founder Sawiris sold most of Orascom Telecom Media and Technology is reportedly in discussions with France Telecom over the future of their Egyptian venture Mobinil, Reuters reports citing a person familiar with the orascomm.

Mobinil said it had no information on any talks about its future. France Telecom, which also trance to telecmo on the matter, is the biggest shareholder in Mobinil. The second biggest is the family of Egyptian businessman Naguib Sawiris, who has a put option to sell his holding in Mobinil to the French company. As a result the proportionate consolidation of OTT during Q4 is no longer applicable under IFRS as it renders the entity an investment held for sale, and consequently a discontinued operation under IFRS rules.




France telecom orascom put option tickers

France telecom orascom put option tickers

France telecom orascom put option tickers



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