MTN: 10,051 -96 (-0.95%)
MTN Group sees local ownership of MTN Nigeria at 35% post-IPO -investors
ABUJA, May 16 (Reuters) - South Africa's MTN Group
sees local ownership of MTN Nigeria <IPO-MTNN.LG> at 35% from
around 20% after a public offering, MTN Group Chief Financial
Officer Ralph Mupita told investors in Lagos on Thursday,
according to two of those investors.
MTN plans to proceed with its public offering following a
listing in Africa's biggest economy on Thursday and after it has
resolved a $2 billion tax dispute with Nigeria's attorney
Two investors that attended Thursday's pre-listing meeting
said MTN Group presented an investment case for the $6 billion
MTN Nigeria float on the Nigerian bourse.
(Reporting by Chijioke Ohuocha; writing by Paul Carsten;
editing by Jason Neely)
First Published: 2019-05-16 12:27:22
Updated 2019-05-16 12:49:18
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