Airtel Mobile Commerce Plans IPO on London Stock Exchange
MT Newswires Live
Sep 23
Airtel Africa said Airtel Mobile Commerce (Airtel Money) plans to launch an initial public offering and seek a listing on the London Stock Exchange, according to a London Stock Exchange filing.
The IPO will involve existing shareholders selling shares in Airtel Money, with no new capital to be raised by the company. Airtel Africa currently owns 77.85% of Airtel Money and expects to remain a long-term shareholder after the listing.
Airtel Africa is a subsidiary of Bharti Airtel (NSE:BHARTIARTL, BOM:890157).
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