The company said the offer will open this month with a bookbuild to institutional investors, after which a fixed price will be announced for retail investors. Nov 4 (Reuters) – MTN Group (MTNJ.J) plans to proceed with a public offer to sell up to 575 million shares in its Nigerian business, the South African telecoms operator said on Thursday as it reported a surge in third-quarter revenue and core profit.
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Reporting by Priyanshi Mandhan and Muvija M in Bengaluru; Editing by Subhranshu Sahu
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- South Africa’s MTN plans to divest shares in Nigerian business through public offering
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