The MTN Group has started the process of listing its biggest subsidiary, MTN Nigeria, on the Nigerian Stock Exchange. They’ve appointed Standard Bank (via Stanbic IBTC) and Citigroup as their transaction advisors.
Remember it was one of the conditions of the NCC (SIM registration) fine settlement that they list on the NSE while paying $1.7billion over 3 years. They intend to float the shares “as soon as commercially and legally possible”, but I’d say ETA is 2017.
Source – Techweez
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