February 28, 2017 / 11:06 AM / 6 months ago

Tanzania's Vodacom seeks to raise 476 bln shillings in IPO

NAIROBI, Feb 28 (Reuters) - Vodacom's Tanzanian subsidiary received approval on Tuesday to list on the Dar es Salaam stock exchange and aims to raise 476 billion shillings ($213 million) in the IPO, the market regulator said.

Vodacom plans to sell 560 million shares at 850 shillings each, said Charles Shirima, a spokesman for the Capital Markets and Securities Authority.

He said the initial public offering was scheduled to take place on March 6. ($1 = 2,230.0000 Tanzanian shillings) (Reporting by Katharine Houreld; Editing by Susan Fenton)

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