Alegrian public/private companies prepare IPOs

In Algeria, it is reported that public companies are preparing to launch on the stock market. The Conseil des participations de l'Etat (CPE), council of state participations, has given the green light for eight public companies to open their capital up to investors or launch capital increases. They are Crédit populaire d'Algérie (CPA); three public cement groups that are part of Groupe Industriel Ciments d'Algérie (Gica); insurer CAAR; quarry specialist Cosider Carrières (BTPH Cosider group); Hydro-am
September 23, 2014 Read time: 1 min

In Algeria, it is reported that public companies are preparing to launch on the stock market.

The Conseil des participations de l'Etat (CPE), council of state participations, has given the green light for eight public companies to open their capital up to investors or launch capital increases.

They are Crédit populaire d'Algérie (CPA); three public cement groups that are part of Groupe Industriel Ciments d'Algérie (Gica); insurer CAAR; quarry specialist 6046 Cosider Carrières (BTPH Cosider group); Hydro-aménagement, and mobile operator Mobilis.

Private companies are also enthusiastic to enter the stock market, which should occur before the end of 2014.

The public companies should be floated in early 2015.

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