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Gabon: the Gabonese Commercial Reinsurance Company prepares its IPO

19/04/2022
Categories: Companies

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The Gabonese reinsurer plans in its initial agenda, to go public in December 2022. The Gabonese Commercial Reinsurance Company (SCG Ré) has already surrounded itself with the three tips to carry out this operation.

 

According to the roadmap by the end of the year, each quarter should correspond to the start of a level of activities. Thus, the first quarter made it possible to start the start of the procedures, in particular by getting closer to the dual supervision of the CIMA body for the supervision of insurance markets, and the Commission for the Supervision of Financial Markets. The second quarter should make it possible to evaluate the cost of the operation, the third quarter to the communication and road show, finally the last quarter the operation itself of the IPO.

Price Waterhouse Coopers accompanies SCG Ré for the certification of the IPO process, Ernest and Young, legal advisor will comb through the provisions and regulatory framework of CIMA/OHADA. Finally, the KRZ agency, known for having organized the Fanaf in Libreville, takes care of the communication aspects.

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