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Investment: the National Lottery of Benin sells 7 million shares of its capital to investors

03/10/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex Index/Markets

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La On Tuesday, October 1, 2024, Loterie Nationale du Bénin (LNB SA) launched the Public Offer for Sale (OPV) by selling at least 7 million shares held by the State of Benin in its capital, in addition to introduction to the Regional Stock Exchange (BRVM) in collaboration with the Ministry of Economy and Finance

.

The public offering for sale (OPV) of 7,000,000 shares in the capital of LNB SA and the initial public offering are scheduled from 07 to 25 October 2024. The initiative aims to mobilize debt-free resources for the State; improve the governance of the LNB; and increase the reputation of the company among the general public. It was approved by decree No. 2024-1018 of 17 July 2024 adopted by the Council of Ministers on 17 July 2024. Subscribers will be able to benefit from dividends not only for the last quarter of the year, but for the whole year, starting in January 2024, which allows them to make significant profits at the end of

2024.
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