Zain interested in selling African operations stake: CEO
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Zain interested in selling African operations stake: CEO UPDATED 08 Jul 2009 | 02:49  
Zain interested in selling African operations stake: CEO

KUWAIT (Reuters) - Mobile operator Zain is in talks with potential buyers for a stake in its African operations, but denied it had reached a deal to sell the unit to Vivendi, the firm's chief executive said.

"We are discussing... It is a number of companies who are interested in this partnership in Africa... There is nothing specific," Saad al-Barrak told Reuters in an interview on Wednesday.

"Partnership means bringing in another partner from 25 percent to whatever in Africa," he said.

Barrak denied a newspaper report that Zain had reached a deal to sell its African operations to Europe's largest entertainment group, Vivendi for $12 billion.

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