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Gabon: The Société Commerciale Gabonaise de Réassurance prepares its listing on the stock exchange

19/04/2022
Categories: Companies

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The Gabonese reinsurer plans in its initial agenda to go public in December 2022. The Société Commerciale Gabonaise de Réassurance (SCG Ré) has already surrounded itself with three councils to carry out this operation.

According to the roadmap, by the end of the year, each quarter should correspond to the start of a level of activities. Thus, the first quarter has enabled the start of procedures, particularly by approaching the dual supervision of CIMA, the insurance market supervisory body, and the Financial Markets Supervisory Commission. The second quarter should allow us to evaluate the cost of the operation, the third quarter to the communication and road show, and finally the last quarter to the actual operation of the listing.

Price Waterhouse Coopers will accompany SCG Ré for the certification of the IPO process, Ernest and Young, legal advisor will go through the provisions and regulatory framework of CIMA/OHADA. Finally, the KRZ agency, known for having organized the Fanaf in Libreville, is in charge of the communication aspects.

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