Soybean: The Togolese Government seeks a private investor to join the shareholding of Huilerie de Sokodé

Investments

Thursday, 27 February 2020 15:27

Soybean: The Togolese Government seeks a private investor to join the shareholding of Huilerie de Sokodé

(Togo First) - The government of Togo seeks to augment the capital of the “Huilerie de Sokodé,” which is a soy-based oil factory located in Kparataou, in the Tchaoudjo prefecture.

In detail, the firm’s capital will be increased to about XOF487 million, 30% of which the government seeks to raise from a local private investor. To this end, public authorities have launched a tender that closes on March 5, 2020. The selected partner can be a legal person, a bank, a lending institution, or an institutional finance investor. These include a professional private equity fund, a joint placement fund, a proximity investment fund or a venture capital firm.

The interests of the sought investor should not conflict with that of the oil factory and it should have the capacity to disburse XOF100 million in cash to join the facility’s shareholding.

Having a good knowledge of the agro-food or agro-industrial sector, selling or exporting agro-food products will be an asset also.

Séna Akoda

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