Capital increase and IPO: SCG-Ré launches a public offering

The Société Commerciale Gabonaise de Réassurance (SCG-Ré) is currently preparing its listing on the Central African Stock Exchange (Bourse des Valeurs Mobilières de l'Afrique Centrale, BVMAC).

To this end, the reinsurer is trying to raise 5 billion FCFA (7.9 million USD) through an initial public offering intended for any natural or legal person.

The subscription period runs from 1 to 30 November 2022 and covers the issue of 250 000 shares at the price of 20 000 FCFA (31.6 USD) each. The company's share capital would thus increase from 10 to 15 billion FCFA (15.8 to 23.7 million USD).

During this period, SCG-Ré has been actively trying to convince potential investors to acquire the shares listed on the BVMAC. Becoming a shareholder of SCG-Ré would allow economic operators and the general public to participate in the creation of national wealth, to diversify the portfolio and to contribute to the success of the Gabonese reinsurance company.

This initiative is part of SCG-Ré's strategic development plan (2022-2027) aimed at financing its expansion beyond Gabon.

The operation makes SCG-Ré the first insurance and reinsurance company approved by the Inter-African Conference on Insurance Markets (CIMA) for its listing on the stock exchange.

For more information on the IPO, interested parties are invited to visit the following website: https://scgre-ape2022.com/