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Daily News MTN woos institutional investors ahead of public listing....Read More

The planned public listing of the shares of MTN Nigeria on the Nigerian Stock Exchange offers both institutional and individual investors the opportunity to get a slice of the telecommunications firm that has 62 million subscribers, the company has said. The Deputy Head, Mergers and Acquisitions, MTN Group, Kholekile Ndamese, who led a team from Nigeria and South Africa, said this when they met with Minister of Science and Technology, Dr. Ogbonnaya Onu, in Abuja . Ndamese said he was in Nigeria as part of the company’s consultation and engagement with stakeholders prior to the listing of its shares on the floor of the Exchange.He explained that the listing of the stock would be one of the largest listings undertaken in the continent as well as by the company.According to him, the venture will also showcase Nigeria to the world as well as attract other investors to the country. Through the listing, he added that subscribers to the MTN network and other investors would have the opportunity to own part of the company. Source: APT Research

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