Orascom Telecom Media and Technology Holding has USD250mn to deploy in a number of potential investments
Orascom Telecom Media and Technology Holding (OTMT) [OTMT.CA] has USD250mn available for investments and may borrow a similar amount, and it is expected to make many investment announcements in 2018, Bloomberg quoted OTMT’s largest Shareholder Naguib Sawiris as saying. OTMT is considering to establish a residential and second-home development business in Egypt and is studying mining projects in Niger and Mauritania. OTMT is also planning two agri-industry projects in Ivory Cost next year for cUSD30mn each, and it is looking at similar projects in Mali, Burkina Faso, Sudan and South Sudan.
OTMT: EGP0.72 as of 7 Dec. 2017, Rating: Sell, TP: EGP0.53/share, MCap: USD212mn, OTMT EY/OTMT.CA
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