IHS Holding plans to enter new markets in the Middle East and Southeast Asia to bulk up ahead of a potential attempt to sell shares in either New York or London.
“We are actively looking to add additional towers from the Gulf area and we recently also looked at Southeast Asia,” he said. Based in Mauritius and with its main operations in Nigeria, IHS was seeking to raise about $1bn in New York, people familiar with the matter said at the time.“Our current deals and plans are funded from our balance sheet,” said Darwish. “At one point we might look at a bigger fund-raise that could include a listing on one of the big stock exchanges such as New York or London.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: South Africa Extends Probe Into Africa’s Biggest Money ManagerPresident Cyril Ramaphosa granted a judicial commission an extra three months to finish its investigation into allegations of wrongdoing at the government workers’ pension-fund manager.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Woes of Africa’s Biggest Fund Manager Move Lawyer to VerseAccusations of dubious investment decisions and poor leadership at Africa’s biggest money manager have been staples of a long-running inquiry into the company’s dealings. But never in the form of poetry.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: South Africa Holds Key Rate as It Cuts GDP GrowthHigher power, food and fuel prices will likely crimp household spending and limit prospects for stronger economic growth, resulting in the South African Reserve Bank having to hold the nation’s key interest rate for the rest of the year.
Source: dailymaverick - 🏆 3. / 84 Read more »