Unpacking the Port Authority of Cotonou’s capital increase
The decision was taken during a board of directors meeting on 21 January 2020. The Port Authority of Cotonou (PAC), headed by Belgian national Joris Thys, is currently carrying out a capital increase of 234 billion CFA francs (€357m), thereby raising its capital from 16 to 250 billion CFA francs (€24 to €382m).
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▪ Unpacking the Port Authority of Cotonou’s capital increase
▪ The decision was taken during a board of directors meeting on 21 January 2020. The Port Authority of Cotonou (PAC), headed by Belgian national Joris Thys, is currently carrying out a capital increase of 234 billion CFA francs (€357m), thereby raising its capital from 16 to 250 billion CFA francs (€24 to €382m).
▪ https://www.africabusinessplus.com/en/803858/unpacking-the-port-authority-of-cotonous-capital-increase/
The capital increase, as Jeune Afrique reported on 25 February, is being carried out by incorporating the PAC’s estates into its assets, which allows it to increase its debt and investment capacity.
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