CFAO Announces the Successful Results of its IPO
CFAO Announces the Successful Results of its IPO. Offering price of €26.00 per share....
Paris, December 2, 2009 – CFAO announces the final terms of its initial public offering on Euronext Paris (Compartment A, ISIN FR0000060501, symbol: CFAO).
CFAO’s IPO was a great success with both French and international institutional investors, as well as retail investors in France.
Trading of CFAO’s shares on Euronext Paris will begin on December 3, 2009. Settlement and delivery of the shares is expected to occur on December 7, 2009.
Commenting on the results of the initial public offering, Mr. Richard Bielle, Chairman of CFAO’s Management Board, said: “We are very pleased with the success of CFAO’s IPO. The strong demand for the shares reflects investor confidence in the performance and growth prospects of CFAO, as well as the growth potential of Africa. With its unique position in its businesses and solid financial structure and benefiting from the support of its shareholders, CFAO is fully equipped to begin this new chapter in its history and pursue its growth strategy”.
Please find attached the entire press release hereafter.
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