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Tanzania Vodacom IPO fully subscribed, international investors taking 40pct

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Vodacom Tanzania, the east African country’s local unit of South African firm, Vodacom Group <VODJ.J>, said on Tuesday its IPO had been fully subscribed and that international investors had bought 40 percent of the 560 million shares offered.

“The IPO has raised 476 billion Tanzania shillings as planned,” the firm said, adding the majority 60 percent of the offer was raised through subscriptions by Tanzanian investors.

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