(Togo First) – SouthBridge Group advised Togo regarding the transfer of the Nouvelle Société Cotonnière du Togo and Adédikopé’s integrated industrial platform (PIA) to Olam and its subsidiary Arise Special Economic Zone, respectively.
According to a recent statement, the pan-African finance and investment consulting firm is a strategic partner in the two major deals.
Regarding the PIA, the agreement for the project was signed on July 8, 2020, for €200 million. Developed by Private Industrial Adétikopé (a private company), the project is owned by the State (35%) and Arise (65%).
As for the NSCT, the State plans to sell its 51% to Olam for €34.4 million (€15.3 million of equity interest in Olam and €19.1 million of net working capital).
“We are delighted with the support provided by the Southbridge Group for the implementation of these two operations at the heart of the National Development Plan and the Government’s Roadmap,” said Sani Yaya, Togolese minister of economy and finance.
“Our involvement in these operations is fully in line with the Group’s ambition. We intend to contribute to accelerating the emergence of Africa and Togo in this case, which are in the front line through these two transactions,” said for his part Lionel Zinsou, ex-Prime Minister of Benin and CEO and Managing Partner of SouthBridge Group.
Ayi Renaud Dossavi
