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Trading resumes on Egypt's OT after firm denies links with Djezzy talks
Orascom Telecom stocks are briefly suspended following reports that talks between vimeplCom, Algeria government over mobile-phone operator Djezzy had wrapped up
Ahram Online Published in Ahram Online on 22 - 05 - 2013

Trading resumed on Egypt's Orascom Telecom Holding (OTH) on the Egyptian stock exchange on Wednesday after the company said that it "wasn't a party" to talks between parent company VimpelCom Ltd. (VIP) and the Algerian government over the proposed takeover of Algiers-based unit Djezzy.
Trading in the stock was suspended earlier in the day after Dow Jones Newswires reported that the talks – now approaching their second year due to disagreements over valuation – had concluded.
Russia-focused VimpelCom acquired Djezzy last year as part of a $6-billion deal to buy the assets Egypt's Orascom Telecom. Djezzy, Algeria's biggest mobile-phone operator, had represented the most lucrative part of Orascom's business.
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