Telecoms & Media
Orange acquires 16% of its Malagasy subsidiary held by Kibo, Terra Mauricia and Thierry Lagesse

Orange acquires 16% of its Malagasy subsidiary held by Kibo, Terra Mauricia and Thierry Lagesse

These minority shareholders of Orange Madagascar, the Red Island mobile leader, acquired a stake in 2010. The French group now controls nearly 88% of its subsidiary.

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            ▪ Orange acquires 16% of its Malagasy subsidiary held by Kibo, Terra Mauricia and Thierry Lagesse

▪ These minority shareholders of Orange Madagascar, the Red Island mobile leader, acquired a stake in 2010. The French group now controls nearly 88% of its subsidiary.

https://www.jeuneafriquebusinessplus.com/en/806859/terra-mauricia-and-thierry-lagesse-leave-orange-madagascar/

03/02/2021 at 15h35, by Jeune Afrique Business+, updated 05/02/2021

The Kibo Capital Partners fund, the diversified c sold their 16% stake in Orange Madagascar to the Orange group in January 2021, according to Jeune Afrique Business+ sources.

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