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OTMT says not party in Sawiris’ Euronews takeover

OTMT says not party in Sawiris’ Euronews takeover
Photo Credit: Arabianeye-Reuters
Orascom Investment Holding
OIH
-3.26% 0.42 -0.01

Orascom Telecom Media and Technology Holding (OTMT) said on Sunday, in a bourse filing, it is not a party in business tycoon Naguib Sawiris’ acquisition of 53% in Euronews.

Sawiris said earlier it plans a takeover of 53% in The French news channel through its capital hike by 35 million euro ($39 million).

OTMT stock traded today 0.82% down at EGP 1.21, amid active trading worth EGP 13.8 million.