MTN Group to sell 575 mln shares in MTN Nigeria to public

News Wireless Nigeria 4 NOV 2021
MTN Group to sell 575 mln shares in MTN Nigeria to public

MTN Group has announced its intention to proceed with a public offer for sale of up to 575 million shares in MTN Nigeria. It said the offer is anticipated to open in November with bookbuilding for institutional investors, after which a fixed price is expected to be announced for retail investors, also in November. The offer is expected to close in December.

This is the first step in MTN Group’s previously communicated statement of intent to sell down approximately 14 percent of its current shareholding in MTN Nigeria.
 


Categories:

Mobile

Companies:

MTN,  MTN Nigeria

Countries:

Nigeria

Tags:

Shareholders & subsidiaries, Financial funding

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