November 12, 2012 / 1:50 PM / 5 years ago

Sawiris confirms interest in Telecom Italia

1 Min Read

CAIRO, Nov 12 (Reuters) - Naguib Sawiris is interested in Telecom Italia, his spokeswoman said on Monday, adding that a report the Egyptian businessman had offered to invest up to 5 billion euros ($6.4 billion) was inaccurate.

"He confirmed the content of the report that he actually expressed an interest," she told Reuters. But she said he described a report that he would invest up to 5 billion euros as "inaccurate and excessive". ($1 = 0.7868 euro) (Writing by Edmund Blair; Editing by Dan Lalor)

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