Altimo Makes Offer to Acquire Orascom

Skadden is representing Altimo Holdings & Investments Ltd. (Russia) in connection with its $1.8 billion tender offer for a 48 percent stake in Orascom Telecom Holding S.A.E. (Egypt), announced on April 16. Skadden also advised Altimo in connection with a related $3.2 billion senior loan financing.