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

April 28, 2016


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