Airtel Offers N61.2bn
Airtel Africa is a leading provider of telecommunications and mobile money services. Airtel has offered N61.2 billion to buy out Nigerian Majority Shareholders. Information Guide Nigeria
According to Airtel Africa, its Nigerian subsidiary, Airtel Nigeria has initiated a process under which it seeks to buy back the 8.27 per cent minority shareholdings at an offer price of NGN 55.81 per share.
In a report filed by LEADERSHIP, Airtel Africa issued a statement on its website in London.
Read Other Top Stories:
- Lagos Demands One Per Cent of Nigeria’s Revenue
- Pandora Papers: Peter Obi, Govs, Lawmakers, Ex-CJN, Pastor Indicted
- NAFDAC Urges Nigerians To avoid Poultry, Can Food Items
- Doctor Set to Launch First Digitalised Hospital In The World
The statement reads”,
“Assuming all minority shareholders decide to tender their shares, the total consideration is estimated to be N61.24 billion (c.$148.1 million using an exchange rate of 413.38 NGN/USD). This represents an open offer to all shareholders. Jamb Results
“A further announcement will be made in due course” concerning the offer to buyout Airtel Nigeria minorities“.
LEADERSHIP reports that Airtel Africa has its presence in 14 countries across Africa and is a leading provider of telecommunications services in Nigeria.
This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!
Copyright Warning!
Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment..
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
.
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [infoguidenigeria@gmail.com] to file a complaint and we will take necessary actions immediately.
