Senegalese incumbent Sonatel is considering a secondary listing to increase stock liquidity, Reuters reports quoting the company CFO.
Aboubacar Sadikh Diop reportedly said that the company was looking at a secondary listing that was wanted by investors…
Senegalese incumbent Sonatel is considering a secondary listing to increase stock liquidity, Reuters reports quoting the company CFO.
Aboubacar Sadikh Diop reportedly said that the company was looking at a secondary listing that was wanted by investors to promote the liquidity of the shares.
No timetable was mentioned.
The CFO also reportedly said that Sonatel was looking to make acquisitions in neighbouring countries but was not considering bidding for Niger’s Sonitel, which is currently looking for an investor.
France Telecom owns 42% of Sonatel, while the state holds 27%, employees and former employees 5%, and 26% are listed.
Sonatel was not immediately available for comments.
