(The East African) - Uganda’s electricity distributor, Umeme, will launch the country’s biggest initial public offer (IPO) on Monday, October 15, hoping to attract investors across the region.
The US$68.4 million offer will see Actis, a private equity firm sell a 38.3 percent stake in Umeme to the general public. Actis owns 100 percent of the electricity distributor.
Umeme’s shares will each go for US$0.11 with the offer closing on November 7. Ugandans, Kenyans and Rwandan
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