On Wednesday, November 30, the Prime Minister of Côte d'Ivoire, Patrick Achi, officially launched the public offering of a portion of Orange CI shares held by the Ivorian government.
The Ivorian state, which holds 14.95% of OCI, wishes to sell 9.95% of the capital, retaining only 5% after the sale.
The Ivorian government hopes to raise a total of more than 140 billion CFA francs on the regional market through this operation. Approximately 14.9 million shares will therefore be sold by the Ivorian government on the Regional Stock Exchange (BRVM).
The general public and institutional investors will be able to purchase 14,240,207 shares at a unit price of 9,500 CFA francs, while Orange employees will have access to 750,000 shares at a unit price of 7,600 CFA francs.
The company's employees (5%), individuals residing in Côte d'Ivoire (25%), Ivorian legal entities (45%), and the company itself (5%) will share 80% of the shares reserved for Ivorians. Non-Ivorian individuals and legal entities will have access to the remaining 20%.
The subscription period runs from December 5 to 19, with the possibility of early closure, and is open to Ivorian and foreign citizens.