Monday, August 6, 2007

Nigerian Transcorp says IPO 36.2 pct subscribed

(Reuters) - Nigerian conglomerate Transcorp's initial public offer was 36.2 percent subscribed, the company said on Monday.

The conglomerate, set up in 2005 by a group of Nigerian business tycoons with the support of ex-President Olusegun Obasanjo, raised about 22 billion naira from the sale, which closed in February.


Read more at Reuters Africa

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