MTN Group to offer sale shares of over N100bn of MTN Nigeria to the public

MTN Group limited has offer plan for sale of shares of it’s Nigeria subsidiary, MTN Nigeria Communications PLC worth over N100bn.

The company revealed plans to sell shares worth 575million of MTN Nigeria to the public.

This was made known in a notice signed by the company secretary Uto Ukpana filed with The Exchange.

According to the statement, the offer would be opened to bookbuild investor by November and after which fixed price would be announced to retail investor before it closes by December.

It should be noted that this is the first step following the announcement of the organization to sell 14% of its current holding in MTN Nigeria.

 

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