French telecoms giant Orange selects BNP, Morgan Stanley to advise on Africa IPO
France’s biggest phone company plans to invite more banks to join the deal at a later stage
09 January 2020 - 21:05
Paris — Orange, France’s biggest phone company, picked BNP Paribas and Morgan Stanley to advise on a proposed initial public offering of its Middle East and Africa business, people familiar with the matter said this week.
The banks are helping with preparations for the listing, though an underwriting syndicate has not yet been formalised, the people said. Orange plans to invite more banks to join the deal at a later stage, according to the people, who asked not to be identified because the information is private...
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