Indian conglomerate the Essar group is reportedly planning to sell its controlling stake in Essar Telecom Kenya, which offers services under the ‘yu’ brand. According to Indian website My Digital Financial Chronicle, the company has appointed French global banking group BNP Paribas to find a buyer. A source familiar with the deal is quoted as saying: ‘We have appointed BNP Paribas for the sale of our controlling stake of around 72% in yu Mobile
Original post:
OVETEL Essar enlists BNP Paribas to offload Kenyan unit
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