Altimo subsidiary offers to buy 100 pct of Orascom Telecom

CAIRO, March 31 Sun Mar 31, 2013 7:15am EDT

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CAIRO, March 31 (Reuters) - Egypt's stock exchange said on Sunday a subsidiary of billionaire Mikhail Friedman's Altimo had offered to buy 100 percent of Egypt's Orascom Telecom Holding .

The offer is at a price of $0.70 per share, the statement said.