Two corporations are interested in Sucraf

T

Sucraf has been approached by two serious parties who want to obtain a stock exchange listing through the company. This was announced by the Belgian stock exchange shell, in which Value8 has a 75 percent interest, after its shareholders’ meeting.

Sucraf, which is listed on the Brussels stock exchange, and the parties are still conducting exploratory talks. It is still uncertain whether that will also lead to a transaction. Sucraf, formerly involved in a sugar cane plantation in the Democratic Republic of Congo, became an empty stock exchange when those activities were expropriated in 2011.

Minority shareholders complained last year about the lower Sucraf share price, after which Value8 expanded its stake from 46.2 percent to 75.0 percent. This simplification should make it easier to accommodate new activities in Sucraf.

About the author

Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories