Government to offload 10% stake in Orange Cote d’Ivoire

The government of Cote d’Ivoire has announced plans to sell a 9.95% stake in national telco Orange CI, leaving it with a 5% interest. Agence Ecofin reports that 14.99 million shares will be sold at XOF9,500 (USD14.77) per share, raising a total of USD221 million for government coffers. 80% of shares will be reserved for Ivorian nationals. A timetable for the share listing has not yet been published. Orange Group of France owns 72.52% of Orange CI.