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| Name | Symbol | Market | Type |
|---|---|---|---|
| MTN Group Ltd (PK) | USOTC:MTNOY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.04 | 0.91% | 4.44 | 4.31 | 4.51 | 4.45 | 4.37 | 4.45 | 275,330 | 21:00:58 |
From Apr 2021 to Apr 2024
By Sabela Ojea
MTN Group Ltd. said Tuesday that it is launching a public offering for the placing of up to 575 million shares held in MTN Nigeria, which will be priced at 169 naira (41 cents) a share.
The telecommunications company based in South Africa said the offer will open on Dec. 1 and close on Dec. 14.
"With this offer, we will contribute to the further deepening of Nigeria's equity capital markets. It is the first in a series of transactions as the MTN Group implements its plans to ensure broad-based ownership by reducing its shareholding in MTN Nigeria to 65% over time," President and Chief Executive Ralph Mupita said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 30, 2021 08:57 ET (13:57 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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