MTN raises R4.3bn in sale of shares in Nigerian unit
01 February 2022 - 11:50
UPDATED 01 February 2022 - 19:56
MTN says it has raised R4.3bn through an oversubscribed sale of its shares in MTN Nigeria, a move aimed at broadening its shareholder base in that country.
The sale of 802-million shares was 1.2 times oversubscribed, Africa’s largest mobile operator said, with the offer reducing the group’s shareholding in MTN Nigeria to 75.6% from 78.8%. ..
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