Veon submits MTO for GTH at EGP 7.90 per share

M&A WATCH- Veon Holdings is seeking approval from the Financial Regulatory Authority (FRA, formerly EFSA) for a mandatory tender offer to buy 1.998 bn shares of Global Telecom Holding (GTH) at EGP 7.90 per share, according to Reuters. FRA says it is studying the offer. Veon is the name VimpelCom gave itself in June. It already owns 57.7% of GTH.