Airtel Africa to raise USD 750 million via public offer, London Stock Exchange listing

Bharti Airtel says its Africa arm will raise USD 750 million via public offer, London Stock Exchange listing.

Bharti Airtel said in a regulatory filing, that "The offer is targeted to raise USD 750 million (plus primary greenshoe option of up to 15 per cent) and will be used to reduce net debt".

It added that Airtel Africa intends to proceed with an initial public offering for admission and listing of its shares on the main market of the London Stock Exchange (premium segment). Additionally, Airtel Africa is also considering listing its shares on the Nigerian Stock Exchange.