MTN Group to Cut Stake in MTN Nigeria Via Share Placing
30 11월 2021 - 11:12PM
Dow Jones News
By Sabela Ojea
MTN Group Ltd. said Tuesday that it is launching a public
offering for the placing of up to 575 million shares held in MTN
Nigeria, which will be priced at 169 naira (41 cents) a share.
The telecommunications company based in South Africa said the
offer will open on Dec. 1 and close on Dec. 14.
"With this offer, we will contribute to the further deepening of
Nigeria's equity capital markets. It is the first in a series of
transactions as the MTN Group implements its plans to ensure
broad-based ownership by reducing its shareholding in MTN Nigeria
to 65% over time," President and Chief Executive Ralph Mupita
said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 30, 2021 08:57 ET (13:57 GMT)
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