Telecommunication firm, the MTN group, has revealed it will be listed on the Nigerian Stock Exchange (NSE) before June this year.
According to a statement from the company, it is “looking to simplify this capital structure ahead of this listing.”
“MTN plans to list by introduction on The Nigerian Stock Exchange during the first half of 2019 and is looking to simplify the capital structure ahead of this listing,” the statement said.
“The Company’s listing on the Exchange will create a new telecoms asset class for investors and provide an opportunity for a wider group of Nigerians to participate in our investment story.
“This will be achieved via a listing by introduction and will be followed by a public offer once market conditions are conducive.
“Over time, and subject to market conditions, we anticipate that the participation of Nigerians in the ownership of the business will increase from around 20% to 35%.”