MTN Seeks 30% Investment from Nigerian Investors to Acquire $1.1bn IHS Stake
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Emma Okonji
MTN Group is seeking Nigerian investors to acquire up to 30 per cent stake in IHS Nigeria, to enable the group conclude the acquisition of IHS Holding Limited that is expected to reach between $900 million and $1.1 billion.
Bloomberg, which reported the development, cited people familiar with the matter who asked not to be identified because the details are private.
Bloomberg reported that the proposed sale of the 30 per cent stake could generate between $900 million and $1.
MTN Group is seeking Nigerian investors to acquire up to 30 per cent stake in IHS Nigeria, to enable the group conclude the acquisition of IHS Holding Limited that is expected to reach between $900 million and $1.1 billion.
Bloomberg, which reported the development, cited people familiar with the matter who asked not to be identified because the details are private.
Bloomberg reported that the proposed sale of the 30 per cent stake could generate between $900 million and $1.
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