South African GSM operator MTN announced on 2 May that it had entered into an agreement to acquire Beirut-based Investcom. MTN has offered $3.85 a share for the company, which recently staged an initial public offering (IPO) of shares that listed on the London Stock Exchange (LSE) and the Dubai International Financial Exchange (DIFX). The offer values Investcom at about $5,500 million (MEED 14:10:05).
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.