December 19, 2017 / 4:43 PM / a month ago

BRIEF-Millicom Sells Part Of Its Stake In Bima

Dec 19 (Reuters) - Millicom International Cellular Sa :

* MILLICOM SELLS PART OF ITS STAKE IN BIMA

* Millicom announced today that it has reduced its ownership stake in BIMA from 20.4% to 12.0% as part of a transaction that sees Allianz X investing $96.6m in the micro-insurance business. As a result of the transaction, Millicom receives $24m in cash. Source text for Eikon: Further company coverage: (Reporting By Johan Ahlander)

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