MTN: 10,050 -165 (-1.62%)
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
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