Millicom Sells Part of its Stake in BIMA

Millicom sells 8.4% of the shares in BIMA as part of a transaction that sees Allianz X investing $96.6 m in the micro-insurance business

LUXEMBOURG, 19/12/2017 (informazione.it - comunicati stampa - telecomunicazioni)

Mauricio Ramos , CEO of Millicom, commented: "Being one of the founding shareholders of BIMA, we see this new strategic investment of a leading insurance company such as Allianz into the company as a big success, and as a testament that digital technology has the power to transform lives in emerging markets."

Millicom remains an investor in BIMA who has continued belief in the company's potential and supports its partnerships in Ghana , Tanzania , Senegal , Honduras and Paraguay. 

The sale is part of a larger transaction including sales by shareholders such as Leapfrog, a new investment by Allianz, and additional investment by existing shareholder Kinnevik. 

Vivian Kobeh, Corporate Communications Director
+1-305-476-7352 / +1-305-302-2858
press@millicom.com

Michel Morin , VP Investor Relations 
+352-277-59094
investors@millicom.com

Mauricio Pinzon , Investor Relations Manager 
Tel: +44-20-3249-2460
investors@millicom.com             

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/millicom-international-cellular/r/millicom-sells-part-of-its-stake-in-bima,c2418460

The following files are available for download: