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Orange Côte d'Ivoire: the Ivorian State launches the sale of 9.95%

02/12/2022
Categories: Companies

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On November 30, 2022, on November 30, 2022, the Prime Minister of Côte d'Ivoire, Patrick Achi, launched the public offer for sale by sale of shares of 9.95% of the share of the State of Côte d'Ivoire in the capital of Orange Côte d'Ivoire. It is the second largest company in the country.

During the official launch of the public offering for sale by sale of 14,990,207 shares of the State of Côte d'Ivoire, the highly anticipated subscription period and information note were unveiled in Abidjan, Côte d'Ivoire. The Ivorian Prime Minister mentioned that this public offer to sell shares “that they are launching is already historic for more than one reason, because the participation of the Ivorian State in Orange Côte d'Ivoire is one of the most important assets”.

Through the first compartment of the Regional Securities Exchange (Brvm), the State of Côte d'Ivoire, which holds a 14.95% stake in Orange Côte d'Ivoire, has decided to sell part of this stake equivalent to 9.95% of the company's capital. The sale of 9.95% of the share held by the Ivorian State in the capital of Orange Côte d'Ivoire was authorized by the government through a decree dated August 3, 2022 and by the Financial Markets Authority of the West African Monetary Union (AMF-UMOA) on November 18, 2022.

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