Airtel Africa PLC Chimera invests in mobile money business (8067V)
16 Diciembre 2021 - 1:00AM
UK Regulatory
TIDMAAF
RNS Number : 8067V
Airtel Africa PLC
16 December 2021
Airtel Africa plc
('Airtel Africa', or the 'Group')
Chimera Investment LLC invests $50m in Airtel Africa's mobile
money business
London and Lagos, 16 December 2021: Further to previous
announcements, most recently on 16 November 2021, Airtel Africa, a
leading provider of telecommunications and mobile money services,
with a presence in 14 countries across Africa, today announces the
introduction of Chimera Investment LLC as an additional investor in
Airtel Mobile Commerce BV ('AMC BV'), through a $50m secondary
purchase of shares from a subsidiary of Airtel Africa plc (the
'Transaction') . AMC BV is the holding company for several of
Airtel Africa's mobile money operations; and ultimately is intended
to own and operate the mobile money businesses across all of Airtel
Africa's fourteen operating countries.
Chimera Investment LLC, through its subsidiary Chimetech Holding
Ltd., now holds a minority stake in AMC BV alongside the other
minority investors, with Airtel Africa continuing to hold the
majority stake.
The Transaction is a continuation of the Group's pursuit of
strategic asset monetisation and investment opportunities, and i t
is the aim of Airtel Africa to explore the potential listing of the
mobile money business within four years.
The proceeds from the Transaction will be used to reduce Group
debt and invest in network and sales infrastructure in the
respective operating countries.
The profits before tax in the full year ended 31 March 2021 and
the value of gross assets as of that date, attributable to Airtel
Africa's mobile money businesses were $185m and $668m,
respectively.
-ENDS-
Enquiries
Airtel Africa - Investor Relations
Pier Falcione +44 7446 858 280
Morten Singleton +44 7464 830 011
Investor.relations@africa.airtel.com +44 207 493 9315
Hudson Sandler
Nick Lyon
Bertie Berger
airtelafrica@hudsonsandler.com +44 207 796 4133
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and
mobile money services, with a presence in 14 countries in Africa,
primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications
solutions to its subscribers, including mobile voice and data
services as well as mobile money services, both nationally and
internationally.
The Group aims to continue providing a simple and intuitive
customer experience through streamlined customer journeys.
For more information visit www.airtel.africa
About Chimera Investment LLC
Established in 2007, Chimera Investment LLC is an Abu
Dhabi-based private investment firm managing a diversified
portfolio of listed and unlisted equities on both local and
regional markets. The firm seeks value-creation opportunities where
it can invest proprietary capital and keep in-line with its
investment philosophy and key guiding principles.
Chimera Investment LLC is part of Abu Dhabi's Royal Group, a
diversified conglomerate of companies comprising over 60 entities
and employing 20,000 employees. The Group is active in a breadth of
industries including real estate, construction, fast-moving
consumer goods, food and beverage, hospitality, aviation,
healthcare and general investments.
For more information visit www.chimerainvestment.com
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END
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