MTN: 8,598 +28 (+0.33%)
MTN's Ghana unit to raise nearly $750 million in IPO
ACCRA, May 29 (Reuters) - The Ghana business of telecoms
operator MTN is seeking to raise 3.47 billion cedis
($743 million) in a 35 percent initial public offering (IPO) to
be launched on Tuesday, transaction sources said.
MTN will sell about 4.63 billion shares of its Ghana unit in
what is expected to be the West African country's largest IPO
at 0.75 cedis per share, the sources said.
($1 = 4.67 cedis)
(Reporting by Kwasi Kpodo
Editing by Aaron Ross and David Goodman)
First Published: 2018-05-29 11:05:46
Updated 2018-05-29 11:22:57
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.