MTN Zakhele Futhi raises R3bn from MTN share placement
The shares held by the BEE vehicle were placed at R128 each
12 June 2025 - 08:45
UPDATED 12 June 2025 - 20:16
MTN Zakhele Futhi, the special-purpose empowerment vehicle of Africa’s largest mobile operator, has raised about R3bn via an accelerated bookbuild of about 23.77-million MTN shares.
The group said on Thursday the shares, representing about 1.26% of MTN’s issued capital, were placed at R128 apiece. That’s a 2.8% discount to the day’s closing price of R131.74 and a 2.8% premium to the 30-day volume-weighted average price of R124.49 by the market close on Wednesday...
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