Sunday, July 18, 2010

Axiata sells Multinet Pakistan stake

Published: 2010/07/19



Axiata Group Bhd said it agreed to sell its 89 per cent stake in Multinet Pakistan (Private) Ltd, part of a plan to dispose of non-core assets.



Axiata will sell the stake for US$15 million to Adnan Asdar Ali, it said in a statement in Kuala Lumpur today.



Adnan will also repay Axiata a shareholders advance of 973.3 million Pakistan rupees (US$11 million) as part of the agreement, it said. - Bloomberg

http://www.btimes.com.my/Current_News/BTIMES/articles/20100719125247/Article/index_html

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