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Broadband

Nimbus to raise stake in Paratus to majority holding

Wednesday 30 May 2018 | 11:42 CET | News
Namibian company Nimbus Infrastructure expects to finalise the terms for a share swap that will increase its stake in Paratus Telecommunications to 51.4 percent on 01 June, according to a Republikein article online. Nimbus will acquire another 24.9 percent of the issued share capital in Paratus. This will consist of 8,815 ordinary shares held by Cuvelai Telecommunications, representing 18.6 percent of the issued share capital of Paratus, as well as 3,000 ordinary shares held by Paratus CEO Bartholomeus Harmse, representing 6.3 percent of Paratus' capital.

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Categories: Fixed
Companies: Paratus Namibia / Paratus Telecom / TKF
Countries: Namibia
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