Orange has selected BNP and Morgan Stanley to assess a potential initial public offering (IPO) of its Middle East and Africa operations, reports Bloomberg citing unnamed people familiar with the matter. Information on the plan first emerged during November, when the company confirmed that an IPO was among the possible scenarios under consideration for its MEA business.
Sources told Bloomberg that Paris and London are potential listing venues for the share sale. In terms of timing, the IPO could be launched as early as the first half of 2020, if the plan is approved. However, deliberations are at an early stage and Orange could still decide against pursuing the listing.
