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Naguib Sawiris is interested in Telecom Italia, his spokeswoman said on Monday, adding that a report the Egyptian businessman had offered to invest up to 5 billion euros ($6.4 billion) was inaccurate.
“He confirmed the content of the report that he actually expressed an interest,” she told Reuters. But she said he described a report that he would invest up to 5 billion euros as “inaccurate and excessive”.
