Swala
Energy, the Australian hydrocarbon exploration firm, is finalising plans
to list its Tanzanian subsidiary, Swala Energy (Tanzania) on the Dar es
Salaam Stock Exchange (DSE) before June, offering an opportunity
for investors to buy into and gas business.
The company said it will
list the subsidiary through an Initial Public Offering (IPO) at the
bourse’s newly created Enterprise and Growth Market segment (EGMs) by
the end of the second quarter of this year.
Source: The EastAfrican, www.theeastafrican.co.ke
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