https://newsletter.en.creamermedia.com

Hidroeléctrica de Cahora Bassa announces IPO

22nd May 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Hidroeléctrica de Cahora Bassa (HCB), the Mozambican concessionaire of the Cahora Bassa hydroelectric plant, has announced the launch of its initial public offering (IPO) for up to 7.5% of its shares to individual Mozambican nationals and collective national investors.

The IPO will see a first tranche of 2.5% of its shares becoming available on the Bolsa de Valores de Moçambique.  

HCB shares will be sold at three meticais each in the subscription period from June 17 to July 12. 

Individuals will be able to place purchase orders through various Mozambican banks’ branch networks but also through a USSD mobile application, a mobile app and via Internet banking.

The intention to offer all Mozambicans the right to directly own a portion of this important national asset was announced by Mozambique President Filipe Nyusi in November 2017.

Edited by Creamer Media Reporter

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (08/11/2024)
8th November 2024 By: Martin Creamer
Magazine round up | 08 November 2024
Magazine round up | 08 November 2024
8th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.1 0.201s - 207pq - 2rq
Subscribe Now