Vodafone Qatar to announce new IPO date on 15 March

Vodafone Qatar says it will reveal a new data for its delayed initial public offering (IPO) on 15 March. Vodafone had hoped to sell a 40% stake in October 2008 but failed to get approval from the Qatar Financial Markets Authority (QFMA). The British-based giant also intends to sell a 15% stake in the business to local institutional investors, leaving it and local partner Qatar Foundation with a 45% holding.