BGFI expects to raise over $78m from its IPO
Central Africa’s leading bank is preparing an IPO on the BVMAC stock exchange in Douala by the end of 2020. The transaction is estimated at several tens of millions of dollars. Jeune Afrique Business+ takes a closer look.
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▪ BGFI expects to raise over $78m from its IPO
▪ Central Africa’s leading bank is preparing an IPO on the BVMAC stock exchange in Douala by the end of 2020. The transaction is estimated at several tens of millions of dollars. Jeune Afrique Business+ takes a closer look.
▪ https://www.africabusinessplus.com/en/801247/bgfi-anticipe-plus-de-70-millions-e-pour-son-entree-en-bourse/
While Henri-Claude Oyima, head of BGFIBank for the past 30 years, has confirmed plans to list the banking group on the Central African Securities Exchange (Bourse des valeurs mobilières de l’Afrique centrale – BVMAC), few details have been released on the transaction so far. But, according to information obtained by Jeune Afrique Business+, the group intends to sell between 15% and 20% of its capital.
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