Friday 19 February 2010

Zain Deal Motives Under Scrutiny


And the FT does a bit of scrutinizing.

As to the basic story, this really isn't "news" nor is it a revelation.  Nor was it when you read it earlier here or elsewhere.

The basic story is Kuwaiti "investor" overextends self while using OPM and high leverage.   

About as remarkable as the headline "Sun Rises in East". 

And the point to note is that it is not just one family business group advocating the sale.   Kuwait is blessed with an abundance of "wise" "investors" who overextend themselves with OPM and leverage.

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