INSUBCONTINENT EXCLUSIVE:
offering of its Africa unit in a deal that could raise about $1 billion, people familiar with the matter said.
Airtel Africa is planning to
make a formal announcement about the London listing this month and aims to start trading in June, the people said, asking not to be
identified because the matter is private
Finablr, the currency-exchange firm controlled by an Abu Dhabi-based billionaire, starting taking orders this week for a share sale that
could raise as much as $677 million
Middle Eastern payments processor Network International Holdings Plc raised 1.1 billion pounds ($1.4 billion) last month in the largest
London IPO this year.
Valuation and the listing date are still under discussion, and final details could change depending on investor demand
and market sentiment, the people said
A representative for Bharti Airtel declined to comment.
Bharti Airtel, backed by billionaire Sunil Mittal, has spent heavily to defend its
including Temasek Holdings Pte and SoftBank Group Corp., giving it an equity value of about $4.4 billion.
The business has operations in 14