Airtel Nigeria moves to buy back minority shareholding

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The company is offering N55.81 per share to all shareholders.

Airtel Africa has announced that its subsidiary, Airtel Nigeria, has initiated a process to buy back 8.27 per cent minority shareholding at N55.81 per share.

The statement noted that the total consideration was estimated to be N61.24 billion assuming all minority shareholders decide to tender their shares.“A further announcement will be made in due course.”

 

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