Shanduka Buys US$335 Million Stake in MTN Nigeria Unit (Sub-Saharan Africa)
Source: Bloomberg | Author: Stephen Gunnion
South African investment holding company Shanduka Group has purchased a US$335 million minority stake in a Nigerian telecommunications company, MTN Nigeria, from three private investors including West Africa-focused private equity firm African Capital Alliance. Shanduka purchased the stake through its Shanduka Telecommunication (Mauritius) subsidiary. Additional details of the transaction were not disclosed.