Bharti to increase Zambia stake to 97%

23 Dec 2010

India’s Bharti Airtel is expected to increase its stake in its Zambian subsidiary from 79% to 97% following the conclusion of a mandatory offer to buy out minority shareholders, launched in November. Bharti first acquired a stake in Airtel Zambia when it purchased the assets of Kuwait’s Zain earlier this year. Under local rules, companies are usually delisted if a single shareholder owns more than a 95% stake.

Zambia, Airtel Zambia, Bharti Airtel