LONDON Feb 15 Abu Dhabi telecom Etisalat
is talking to banks about a syndicated loan of up to
$8 billion to finance a bid for Vivendi's 53 percent
stake in Maroc Telecom, banking sources said on Friday.
An $8 billion acquisition loan would be the largest Gulf
merger and acquisition loan in six years. Etisalat has asked
banks to bid for the roles of M&A and financing advisor, one
Vivendi is under pressure from shareholders to bolster its
flagging share price and from rating agencies to reduce its
debt, which stands at 15.7 billion euros.
Etisalat was not immediately available for comment.
(Reporting by Michelle Meineke and Tessa Walsh. Editing by Jane