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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Indian billionaire’s payments firm plots biggest London flotation in years

Airtel Money London Airtel Africa Sunil Bharti Mittal United Kingdom IPO WISE
A woman walks past a closed kiosk of Airtel in N'Djamena, Chad, Africa
Airtel Africa is already listed on the FTSE 100 but it wants Airtel Money to be listed separately. Photograph: Amr Abdallah Dalsh/Reuters

A payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange.

Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures.

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