MTN Uganda has announced that it will be selling 20% of its shares to the public through an Initial Public Offer (IPO).
The IPO details will be “released in due course”
The move by the South African company is aimed at ensuring broad-based ownership in its operating subsidiaries, according to a statement on Tuesday.
The listing will be the first since 2018 when Cipla Uganda listed on the Uganda Security Exchange.
This is part of its compliance of the licensing regime where operators are required to go public with at least 20% of their shares.
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