(Ecofin Agency) - Barthi Airtel announced that Qatar Investment Authority invested $200 million for new stakes in its African subsidiary Airtel Africa.
“We are excited to welcome Qatar Investment Authority as a long-term strategic equity partner… This transaction will not involve any sale of shares by existing shareholders”, declared Airtel Africa, which is present in fifteen Sub Saharan countries.
In November 2018, the Indian group welcomed new investors including Tamasek and Warburg Pincus in the African subsidiary’s capital.
The Qatari investment occurs at a time when Airtel Africa is set on opening its capital to the public and an IPO (in June 2019).
The stakes acquired by Qatar Investment Authority represents about 4.36% of Airtel Africa and Barthi Airtel’s stakes in its African subsidiary which was 71.6% is now 67.2%, according to analysts.