Thursday 3 December 2009

BNSL Puts Zain Deal on Hold

There's no joy in Kuwait tonight as some important people up there were counting on this sale to help them with urgent cashflow needs.

And even less joy if they read this account.  The parties to the sale might not be serious in terms of intent.  Even more disturbing some of them might not be serious players in terms of capacity.  AA once broke a  financially strapped client's heart by telling him that his rich Arab white knight had only one of those three attributes.

Why this sale is important for a variety of reasons in explained in my earlier post here.

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