Zain Mulls US$5bn Europe IPO In 2009

Zain of Kuwait is considering selling shares worth as much as US$5bn in an initial public offering (IPO) that could be carried out in Europe in 2009, according to an interview with CEO Saad al-Barrak published by Reuters. A share offer may be launched in the first or second quarter of 2009 on a key European stock exchange, such as the London Stock Exchange or the NYSE Euronext, he is quoted as saying.

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