Airtel Africa completes Airtel Nigeria minority buyout offer

3 Dec 2021

Airtel Africa – Bharti Airtel’s majority-owned pan-African division – confirmed yesterday that it has completed its minority shareholder buyout offer at its largest subsidiary Airtel Nigeria. In a stock exchange note, London/Lagos-listed Airtel Africa said it paid NGN61 billion (USD147 million) for a total 8.22% in minority shareholdings to raise its stake in mobile operator Airtel Nigeria to 99.96% via the buyout offer which commenced on 4 October.

Nigeria, Airtel Africa, Airtel Nigeria, Bharti Airtel