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MTN Group denies any plans to sell shares in Jumia in short term

2018-08-17 10:02:00| Telecompaper Headlines

(Telecompaper) MTN Group is considering a sale of shares in African online retailer Jumia and values the company at as much as USD 1 billion, Bloomberg reported, citing sources familiar with the matter. An MTN spokeswoman said the operator currently has no plans to dispose of its investment in Jumia in the short term. Bloomberg cited its anonymous sources as saying MTN was considering an initial public offering of the e-commerce business on the Nasdaq or New York Stock Exchange. 

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