Airtel Nigeria offers to buy out minority shareholders

5 Oct 2021

Airtel Africa has announced that its subsidiary in Nigeria has initiated a process to buy back the 8.27% held by minority shareholders at an offer price of NGN55.81 (USD0.13) per share. Assuming all Airtel Nigeria minority shareholders decide to tender their shares, the total consideration is estimated to be NGN61.24 billion. This represents an open offer to all shareholders. Airtel Africa said a further announcement will be made in due course.

Nigeria, Airtel Africa, Airtel Nigeria