•A guide for the one-two between GTHE and VEON which landed them at the finish line of acquisition:
1.VEON trims the price of its MTO for GTHE: VEON Ltd. (NASDAQ: VEON) has adjusted the price of its mandatory tender offer (MTO) for a 42.31% stake in its subsidiary GTHE to EGP5.08/share, down by 4% from EGP5.30/share (as filed with the financial regulator in February). This comes in the wake of a deal struck by GTHE to settle all its outstanding tax liabilities for a total of USD136mn (EGP2.27bn based on the current exchange rate) with the Egyptian Tax Authority (ETA).
For more details, please read the full report below.