Abu Dhabi's ADIA to sell 5% stake in Qatar telco Ooredoo

The Abu Dhabi Investment Authority will sell 160.5 million of its existing shares in Qatari telecommunications company Ooredoo  around half of its shareholding, in a secondary share offering, Ooredoo said on Monday.

• The offer price range for the share sale is set at between 12.4 Qatari riyals and 13 riyals per share, with an implied deal size of between 1.99 billion and 2.09 billion riyals ($546 million to $572 million), according to a term sheet from a coordinating bank seen by Reuters.

Read the original article in Reuters: Abu Dhabi's ADIA to sell 5% stake in Qatar telco Ooredoo