MTN: 10,030 +15 (+0.15%)
MTN converts Nigerian unit to public company before planned listing
LAGOS, April 24 (Reuters) - MTN has converted its
Nigerian unit into a public company from a private one before a
planned listing on the Nigerian bourse in the first half of the
year, the unit of the South African telecoms firm said.
MTN Nigeria said the conversion was a legal requirement to
prepare for the listing and that it was engaging with the
Securities and Exchange Commission and Nigerian Stock Exchange.
(Reporting by Chijioke Ohuocha
Editing by Edmund Blair)
First Published: 2019-04-24 11:53:48
Updated 2019-04-24 12:07:05
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