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Webber Wentzel
January, 2009 - Johannesburg, South Africa
Webber Wentzel in ZAR 24.4 Billion Transaction
A Webber Wentzel team is acting as attorneys and tax advisers to MTN Group Limited in relation to (1) the ZAR24.4 billion unwinding of the existing empowerment structure in MTN and (2) a new BEE transaction and related funding.
A major communications company, MTN is focused on the African continent. The MTN Group operates three business divisions: MTN-SA (South Africa), MTN International, and Strategic Investments. They are listed on the Johannesburg Stock Exchange under the Telecommunications Service Sector (which falls under the Industrial Non-Cyclical Services).
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