Continental Re Holdings to launch IPO on the Botswana Stock Exchange

Continental Re Holdings is preparing to list on the Botswana Stock Exchange through an offering valued at 2.13 billion BWP (156.1 million USD).

Of the total, 409 million BWP (30 million USD) will be used to fund the company’s next phase of growth, while the remaining 1.72 billion BWP (126.1 million USD) will provide an exit opportunity for existing shareholders.

The transaction will make Continental Re the first reinsurer to be listed on the Botswana Stock Exchange.