Deals
Uganda Says MTN Unit to Sell Stake to State-Run Pension Fund
- Government renews operating license, calls for share listing
- Company’s permit that expired in October has been renewed
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MTN Uganda Ltd. is in talks to sell an unspecified stake to the state-run National Social Security Fund that would widen local shareholding currently at only 5 percent, President Yoweri Museveni’s office said.
The company is in the process of negotiating “disposing shares to NSSF,” according to an emailed statement following a meeting between the Ugandan leader and MTN Group Ltd. Chief Executive Officer Robert Shuter on the sidelines of the World Economic Forum in Davos.