Ivory Coast to sell shares in Orange

Ivory Coast to sell shares in Orange

The Ivory Coast government has announced it will sell a part of its minority stake in Orange’s unit in the country, as the company prepares for an IPO.

Ecofin Agency reported, that the government will sell 9.95% of its 14.95% stake in Orange Ivory Coast on the West African stock exchange Bourse Régionale des Valeurs Mobilières (BRVM), leaving it with a share of 5%.

The government will sell for XOF9,500 (US$14.71) per share, which it calculated should garner over XOF142 billion (US$221m).

Developing Telecoms has contacted Orange for comment on the matter. 

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.