TMCNet:  Shanduka Group acquires minority stake in MTN Nigeria Communications

[November 28, 2012]

Shanduka Group acquires minority stake in MTN Nigeria Communications

Nov 28, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Shanduka Group Pty., Ltd., a South African investment company, has acquired a minority stake in MTN Nigeria Communications Limited, a Nigeria-based mobile telephony company, from a private equity firm, for $335 million.


Deal Value (US$ Million) 335 Deal Type Acquisition Sub-Category Minority Acquisition Deal Status Completed: 2012-11-27 Deal Participants Target (Company) MTN Nigeria Communications Limited Acquirer (Company) Shanduka Group Pty., Ltd.

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