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MTN To Pick More Banks To Work On Planned Nigerian IPO
|MTN To Pick More Banks To Work On Planned Nigerian IPO by prosper: 8:41 pm On April 20, 2018|
MTN Group Ltd. has appointed more banks for the sale of shares in its Nigerian
The Johannesburg-based wireless operator, Africa’s largest by sales, has picked several banks and brokers including Renaissance Capital, FirstRand Ltd.’s Rand Merchant Bank and Nigerian firm Chapel Hill Denham to work with global co- ordinators Citigroup Inc. and Standard Bank Group Ltd., said the people, who asked not to be named as the matter is private. The company met its bankers on Wednesday and held a presentation for foreign and local analysts on Friday in Lagos to give them more details about the deal and MTN Nigeria’s finances, they said. MTN is yet to decide what portion of the subsidiary to sell, they said. It may
An MTN spokesman declined to comment.
Rob Shuter, MTN’s current CEO, said in an interview this month that he
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