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.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.