MTN to sell interest in Amadeus to HarbourVest for $83m

28 May 2019 - 09:05 By Reuters
The sale was part of a plan to realise R15 billion worth of capital over the next three years
The sale was part of a plan to realise R15 billion worth of capital over the next three years
Image: REUTERS/Afolabi Sotunde

MTN said on Tuesday it would sell its interest in investment fund Amadeus to private equity firm HarbourVest for around R1.2 billion ($83 million).

MTN said the sale, which also includes its associated holding in online travel booking website TravelStart, was part of a plan to realise R15 billion worth of capital over the next three years, simplify its portfolio and reduce risk. 

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