May 9, 2018 / 5:20 AM / 12 days ago

BRIEF-MTN Says U.S. Re-Sanctions Against Iran May Limit Ability To Repatriate Cash, Both Dividends And Loans, From MTN Irancell

May 9 (Reuters) - MTN Group Ltd:

* US RE-SANCTIONS AGAINST IRAN SANCTIONS MAY LIMIT ABILITY OF MTN TO REPATRIATE CASH, BOTH DIVIDENDS AND LOANS, FROM MTN IRANCELL

* REMAINS COMMITTED TO INVESTMENT IN IRANCELL, TO REPATRIATING BALANCE OF LEGACY CASH IN IRAN WHILST REMAINING COMPLIANT WITH APPROPRIATE LEGISLATION

* IN 2018, CO REPATRIATED ABOUT EUR 88 MILLION FROM MTN IRANCELL INCLUDING EUR 61 MILLION OF FULL 2017 DIVIDEND DUE TO CO AND FURTHER EUR 27 MILLION OF HISTORIC DIVIDENDS

* REMAINING BALANCE DUE TO MTN IS APPROXIMATELY IRR10,000BN (APPROXIMATELY EUR 200 MILLION) Source text for Eikon: Further company coverage:

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