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IPO: SCG-Ré listed on BVMAC

30/01/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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The Gabonese Strategic Investment Fund (FGIS) announced on Friday, January 27, 2022, the first listing of its subsidiary's shares. The Gabonese Commercial Reinsurance Company (SCG-Ré) is listed on the Central African Securities Exchange (BVMAC) under the name “ACTION SCG-Ré”.

The Gabonese Commercial Reinsurance Company (SCG-Ré) was created in 2012. It is called upon to manage, in the name and on behalf of the State, the legal transfer reinsurance of insurance companies operating in the Gabonese Republic. She is also responsible for the underwriting of commercial reinsurance or conventional reinsurance (optional and treated) in Gabon and Africa.

The FGIS reinsurance entity set out to conquer the sub-region's stock market in December 2922 with the aim of raising FCFA 5,000,000 (five billion CFA francs) to finance its expansion strategy and achieved the feat of registering a subscription rate of 113% on the African Securities Exchange Power plant (BVMAC).

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