Why Orange ordered studies for the listing of its Orange Middle East & Africa business (OMEA)
Until quite recently, Orange had no short-term plans for the stock market listing of its African operations under the OMEA holding. But, according to information obtained for this report, the French group, which restructured its African business in 2015 with this in mind, has been seriously considering this option for the past six months.
06/12/2019 at 06h57, by Africa Business+
Several studies have been commissioned by Jérémie Dutray, Deputy Financial Director, and Alioune Ndiaye, CEO of OMEA and are expected shortly, according to our sources. This IPO, which is only possible in Paris or London given the level of the company’s valuation (several billion euros), would help the French operator fund the considerable investments it needs to make.
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