TITLE

Dewey storms race to secure Wind purchase

AUTHOR(S)
O'Connor, Joanne
PUB. DATE
April 2005
SOURCE
Lawyer;4/18/2005, Vol. 19 Issue 15, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reveals that Dewey Ballantine LLP, client Weather Investments has won out in the high-profile contest for Italian telecommunications group Wind, tabling a stunning €l2.2bn offer to defeat a bid by Blackstone. Dewey Italian head Bruno Gattai advised Weather, the bid vehicle led by Egyptian telecoms guru Naguib Sawiris, chief executive and chairmian of Egypt's Orascom Telecom. According to reports, Sawiris's Orasfom outfit, which owns and runs mobile phone networks across the Middle East and North Africa, stumbled into financial difficulty in 2001, before being rescued by more than $200m of investment from former Palestinian Liberation Organisation head Yassir Arafat.
ACCESSION #
16850076

 

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