PIC raises its stake in MTN

Jamie McKane

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PIC raises its stake in MTN

The Public Investment Corp. raised its stake in MTN Group Ltd. for the second time in as many days, taking advantage of a price that’s close to 10-year lows amid a crisis in Nigeria.

The PIC’s shareholding is almost 26 percent, Johannesburg-based MTN said in a statement on Thursday.

[Bloomberg]
 
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