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MTN to list N153bn shares on NSE this year
Telecoms operator, MTN Group Limited, is planning to raise about N153bn ($500m) from the sale of shares in its Nigerian business during the first half of this year, fulfilling the terms of a deal struck with the country to settle a record fine, Bloomberg has reported, quoting people familiar with the matter.The sources pleaded anonymity as the details of the listing had not been made public. Most of the shares will be sold to local institutions and individuals, though foreign investors could be brought in to ensure the process is a success, one of the people said..Read More…]