Rwandan firm to sell MTN unit stake in $41 mln IPO

May 21, 2015 12:31 PM

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KIGALI May 21 The investment arm of Rwanda's ruling party is selling its 20 percent stake in MTN Rwandacell, a unit of the South African telecoms group, in an initial public offering (IPO) that aims to raise about 28 billion francs ($41 million).

MTN would become just the third Rwandan company to be listed on the local bourse, where trading began in 2011.

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