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General

Mali govt plans IPO for Sotelma stake despite Maroc Telecom resistance

Tuesday 12 December 2017 | 16:35 CET | News
Mali is seeking to sell a portion of its holding in Maroc Telecom's local unit Sotelma in an initial public offering, even as the parent remains reluctant to do a listing, Bloomberg reported citing Finance and Economy Minister Boubou Cisse. The minister said Mali wants to sell a little less than half its 39 percent stake in Sotelma and list the shares on West Africa's regional exchange in Ivory Coast. Cisse said the proceeds will be used for capital investments and would provide cheaper finance than bank loans. 

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Categories: General
Companies: Maroc Telecom / Sotelma
Countries: Mali
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