ISTANBUL / ANKARA / Reuters Saudi Telecom Company is in the lead to buy the 55 percent of fixed-line operator Turk Telekom owned by Oger Telecom, sources said, adding that the Turkish government could acquire the $3.9 billion stake if those talks fail. The potential deal comes as Oger, Turk Telekom’s biggest shareholder, faces increasing pressure from creditor banks after ...

Bloomberg EuroMena Funds, a Beirut-based private-equity firm that has raised $350 million since 2006, plans to almost double assets as it seeks investments in Lebanese-owned companies operating abroad. After a decade of deploying most of its capital in Lebanon, Jordan and Egypt, EuroMena’s latest fund has spent $55 million for stakes in a toilet-paper manufacturer in Nigeria, a Tunisia-based operator ...

Bloomberg Though the downfall of the man heading Samsung Group, South Korea’s most powerful conglomerate, may seem an ominous omen for the country’s family-run business empires, the jailing of billionaire Lee Jae-Yong could end up offering some relief to chaebol dynasties. That’s because Lee, who on Friday received one of the harshest sentences ever handed to a chaebol leader, could ...