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MTN Hires JPMorgan To Advise On Fintech Arm Spin-off

JPMorgan Chase & Co (NYSE:JPM) advised Africa’s leading phone company MTN Group Ltd (OTC:MTNOY), on the planned spin-off of its financial technology business, Bloomberg reports. The fintech arm was worth $6 billion in 2021, Bloomberg noted. MTN looked to complete a carveout of the business by the end of the first half before seeking…

Benzinga · Apr 5, 2022