MTN Moves to Sell 30% IHS Nigeria Stake After FCCPC Approval

MTN Group is seeking Nigerian investors to acquire a 30% stake in IHS Nigeria as part of the conditions attached to its proposed acquisition of IHS Towers. The stake sale could generate between $900 million and $1.1 billion, although the final value has not been determined. People familiar with the discussions told Bloomberg that MTN is currently looking for potential Nigerian buyers.