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National Insurance Corporation (NIC) IPO
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ecstacy
#1 Posted : Wednesday, September 09, 2009 3:16:00 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
The Ugandan government was planning to offload its 40% stake in the National Insurance Corporation (NIC) between July - August this year. Anyone with the latest on this?

Ref: http://www.unaatimes.com...stock-exchange-in-july/
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uchumi
#2 Posted : Wednesday, September 09, 2009 3:48:00 PM
Rank: Member


Joined: 9/16/2006
Posts: 228
The ipo was approved by the cma and later was rejected by the Uganda seurity Exchange because of not disclosing some information.

“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Ballistik
#3 Posted : Thursday, September 10, 2009 5:09:00 AM
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Joined: 6/18/2009
Posts: 16
The Approvals are basically being sought,though investor apetite was shifted to the Stanbic Bond.

Ballistik........
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ecstacy
#4 Posted : Thursday, September 10, 2009 12:14:00 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
Thanks guys for the info. I hope the Tanzanians will be allowed (allow themselves) to take up this one.
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