MTN:  10,030   +15 (+0.15%)  25/05/2019 00:00

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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