BGFI closes 80.558 billion CFA franc capital-raising operation
By the AFREEQUE newsroom, based on Agpgabon
BGFI Holding Corporation has announced that its second capital-raising operation was oversubscribed, aiming to raise 80.558 billion CFA francs through 1,006,975 new shares. The final amount raised and oversubscription rate were not disclosed, according to the Gabonese Press Agency.
BGFI Holding Corporation, parent company of Gabonese banking group BGFIBank, has closed the second phase of its capital-raising operation after subscriptions exceeded the target, reports the Gabonese Press Agency. Launched on 15 September, the operation aimed to raise 80.558 billion CFA francs through the issue of 1,006,975 new shares, priced at 80,000 CFA francs each.
The phase was intended to increase the public’s share of the capital from 3.85% to 10%. The group has not disclosed the final amount raised or the oversubscription rate. The operation follows an initial fundraising round of 45.325 billion CFA francs.
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