Movis Côte d'Ivoire will voluntarily delist its shares from the Regional Stock Exchange (BRVM) through a public takeover offer (OPR) that will take place from April 21 to May 21, 2025.

Les actionnaires de Since May 2024, Movis CI has considered voluntarily delisting the company's shares from the BRVM listing through a takedown offer. They finally approved it. The OPR is initiated by Movis International, the majority shareholder of Movis CI. It concerns 111 shares representing the company's free float at the BRVM. The price offered to shareholders is 40,000 CFA francs per share. Regardless of the result, Movis CI shares will be delisted at the end of the transaction. Movis CI justifies this withdrawal by financial difficulties accumulated over the years

An information note published on Monday, April 7, indicates that the company is facing a deterioration in the business sector that has affected its productivity, debt collection problems, caused by defaulting or inactive customers, and an increase in operating expenses without revenue growth. These elements have led to cumulative losses of more than 12 billion CFA francs ($19.9 million) over the last three

With the release of Movis CI from the stock market, Africa Global Logistics will become the only company represented in the BRVM Transport sector index.

About Movis CI

Founded in 1973, Movis CI, is formerly known under the name Société Ivoirienne d'Opérations Maritimes (SIVOM). It is a company specialized in transport and logistics and offers services including maritime, air and land transport, industrial project logistics, hazardous product management, storage, handling, as well as terminal management for import and export operations. It is a subsidiary of the Movis International group, present é in several African countries, including Cameroon and Ghana. For the year 2023, Movis CI recorded a net loss of 3.51 billion CFA francs. Because of this financial situation, the company states that it can no longer guarantee the normal continuation of its activities. It had already mentioned the possibility of leaving the BRVM in May 2024, in a note announcing the convening of its shareholders to rule