US EditionMTN Group To Reduce Stake in MTN Nigeria Through Second Public Offer - Thepodiummedia
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MTN Group To Reduce Stake in MTN Nigeria Through Second Public Offer - Thepodiummedia
MTN Group has announced plans to reduce its shareholding in MTN Nigeria through a public offer after it returns to profitability. The group aims to cut its stake from 76 percent to 65 percent in line with its longstanding commitment to deepen local ownership. Ralph Mupita, MTN Group president, disclosed the plan during an editors’ roundtable meeting this week, as reported by South African tech publication ITWeb. “The only localisation we have as…
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