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Etisalat launches up to $502 mln stake selldown in Axiata -term sheet
September 12, 2012 / 9:56 AM / 5 years ago

Etisalat launches up to $502 mln stake selldown in Axiata -term sheet

HONG KONG, Sept 12 (Reuters) - Etisalat, the United Arab Emirates’ biggest telecommunications company, launched on Wednesday a selldown of a stake worth as much as $502 million in Indonesia’s PT XL Axiata, according to a term sheet seen Reuters.

Etisalat is offering the Axiata shares in a range of 6,100 to 6,300 rupiah, equivalent to a discount of up to 9 percent, the term sheet showed. (Reporting by Elzio Barreto; Editing by Muralikumar Anantharaman)

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