28 April 2016

Ivory Coast to Sell 15% Stake in Unit of Aga Khan Fund

Govt “will launch an international tender to sell the stake” in Industrial Promotion Services (West Africa), spokesman Bruno Kone tells reporters.

* IPS operates in 4 main sectors, packaging, agribusiness, infrastructure, trading & services, according to co. website;

* Besides Ivory Coast govt stake, IPS shareholders incl. Aga Khan Fund for Economic Development w/ 40.9%; IFC 15%; German Investment and Development Co., or DEG, 9%; BNP Paribas unit Banque Internationale pour le Commerce et l’Industrie de la Cote d’Ivoire 8%. Source: Bloomberg