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Orange local business unit: the Ivorian government seeks to raise $222 million

07/12/2022
Categories: Index/Markets

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The Ivorian government has announced its intention to sell a 9.5% stake in Orange's local business unit. He has therefore launched a public offering that will continue until December 19. The tendering process for public purchasers is ongoing.

The government of Côte d'Ivoire currently holds a 14.95% stake in Orange IC, but will still retain a 5% share. In fact, 14.2 million of these shares will be placed at the disposal of the public and 750,000 shares are put at the disposal of the company's employees at the price of 7,600 FCFA ($12.13 per share). The price of the shares available to the public is priced at 9,500 XOF ($15.3).

He is looking to raise $222 million through the sale. Orange Côte d'Ivoire is part of the Orange CI group, composed of subsidiaries in Liberia, Côte d'Ivoire and Burkina Faso.

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