Experts react to MTN’s move to float 20% of its shares on USE
L-R John Musinguzi, the URA Commissioner General, Ms. Yolanda Cuba the MTN SEA VP, Japheth Katto chairman Stanbic Uganda Holdings Limited, Lulu Xingwana the South African High Commissioner to Uganda and Charles Mbiire, the MTN Uganda Chairman at the MTN Uganda Intention to float announcement at the Kampala Serena Hotel yesterday
Yesterday, MTN Uganda announced intention to proceed with an initial public offer (IPO) and subsequently list on the Uganda Securities Exchange (USE).
The move follows the requisite approval by the Capital Markets Authority and Uganda Securities Exchange for MTN Group to sell 20% of its shareholding in MTN Uganda to the public. MTN Group owns 96% of MTN Uganda.
“The listing is in line with
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