Airtel Africa announces offer to buy out Nigerian minority shareholdings
Airtel Africa has announced that its subsidiary, Airtel Networks Ltd., (Airtel Nigeria) has initiated a process to buy back 8.27 per cent minority shareholdings at N55.81 per share.
The Group Company Secretary, Simon O’Hara, disclosed this in a statement on Monday in Lagos.
The statement noted that the total consideration was estimated to be N61.24 billion (using an exchange rate of N413.38) assuming all minority shareholders decide to tender their shares.
It said: “This represents an open offer to all shareholders. A further announcement will be made in due course.”
Airtel Africa is a leading provider of telecommunications and mobile money services, with presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
It offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services, both nationally and internationally.
The group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.
(NAN)
595074 368104Good post. I previousally to spend alot of my time water skiing and watching sports. It was quite possible the very best sequence of my past and your content kind of reminded me of that period of my life. Cheers 872039
603433 531183Awesome inkling Grace! ego was luxurious youd bring about this about your biz bump into upstanding lineage. We reason you! 835426