Nimbus takes 26.5% stake in Paratus Namibia

Namibian Stock Exchange- (NSX-) listed capital-pool company Nimbus Infrastructure has bought a 26.5% stake in Pan-African telecommunications company Paratus Africa’s Namibian operations for N$95-million. The deal resulted in Nimbus acquiring 8% of the issued share capital in Paratus for a cash payment of N$20-million and the balance of N$75-million paid in shares.