MTN to increase Nigerian ownership from 20% to 35% by June.

MTN Group CEO, Rob Shuter

MTN Group confirms on Thursday that it will list on the Nigerian Stock Exchange in the first half of 2019, subject to regulatory approvals. 

MTN will list on the Nigerian Stock Exchange in the first half of 2019, subject to regulatory approvals.

The listing by introduction will increase Nigerian ownership in MTN from around 20% to 35% through listing by introduction.

MTN Nigeria records strong 2018 financial results.

MTN Group on Thursday confirmed that it will list on the Nigerian Stock Exchange in the first half of 2019, subject to regulatory approvals.

The move will increase Nigerian ownership in the telecom firm from around 20% to 35%, the company said.

The telecommunication giant, in its corporate filling, said the listing will be achieved via a listing by the introduction and will be followed by a public offer “once market conditions are conducive.”

By Aderemi Ojekunle.

Full story at Pulse NG.