Turkish firm on the hunt for Zain stake

A Turkish firm is reportedly interested in purchasing an unspecified share of Zain Group, according to Kuwaiti newspaper Al Qabas.

"The Turkish company is still searching on a preliminary basis into the issue and did not formally discuss the features of the deal with the owners of the company," stated the report without naming a source.

If the owners agree, the Turkish party will wait until the sale of Zain’s African assets excluding Sudan and Morocco to India’s Bharti Airtel is complete, before negotiations begin.