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MTN Group Raises $150.2 Million in Undersubscribed Uganda IPO

(Bloomberg) -- MTN Group Ltd. said the initial public offering of its Ugandan unit raised 535.94 billion shillings ($150.2 million), less than two-thirds of its target. At least 2.9 billion shares were allotted out of the 4.5 billion shares that were offered, Kampala-based MTN Uganda Ltd.
Duet Africa Opportunities Master Fund Group Ltd Uganda Ltd Hermes Oman Umeme Ltd Uganda Securities Exchange On

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