MTN Group mulls USD 500 mln Ghana share sale - report

Thursday 29 September 2016 | 09:31 CET | News
MTN Group is considering selling about USD 500 million in shares of its Ghanaian business, reports Bloomberg, citing people familiar with the matter. The company is approaching high net worth individuals in the country about a private placement of a 35 percent stake in the unit in Ghana, valuing it at about USD 1.5 billion, the people said, asking not to be identified because the deliberations are private. No final decisions have been made, they said.

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Categories: Mobile & Wireless
Companies: MTN / MTN Ghana
Countries: Ghana
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