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AAF — Airtel Africa News Story

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Airtel Africa falls on report unit weighs smaller London IPO

BUZZ-Airtel Africa falls on report unit weighs smaller London IPO

** Airtel Africa AAF.L falls 2.8% to 339.4p; top loser on FTSE 100 index .FTSE

** Bloomberg News reported on Thursday that Airtel Africa unit Airtel Money was considering downsizing its London IPO

** Airtel Money now seeks to raise at least $800 mln, substantially below its previous target of $1.5 bln-$2 bln, according to the report

** As of last close, AAF flat YTD


(Reporting by Atharva Singh in Bengaluru)

((Atharva.singh@thomsonreuters.com))

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