MTN Uganda IPO Plan Values Business at About $1.25 Billion

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Africa’s largest wireless carrier to sell 20% stake in unit, MTN Uganda CEO Wim Vanhelleputte tells reporters in Kampala.

  • Stock will be sold at 200 Uganda shillings each; investors must apply for a minimum of 500 shares
  • 4.5 billion shares will be sold, valued at about $250 million
  • Listing will take place Dec. 6
  • Sale of 20% stake confirms earlier Bloomberg report

Source: Bloomberg

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