Cote d’Ivoire: Alios Finance Launches $2.7m BRVM Public Offer to Shore Up Capital

Alios Finance Côte d’Ivoire has launched a CFA1.5 billion capital increase, about $2.7 million, through a public offering on the BRVM. The transaction will involve the issuance of 3,750,000 new shares at CFA400 each.

Existing shareholders in the vehicle and equipment financing company (BRVM: SAFC) will have preferential subscription rights, allowing them to maintain their ownership. For every 13 shares held, investors can subscribe to 6 new shares. Subscription rights will trade between April 27…