03/06/2026
The Council of Ministers has approved an additional acquisition of 1,500 shares, with a total value of 3.5 billion FCFA, representing 15% of the share capital, purchased by the State from the majority shareholder of CMB.
“On behalf of the Ministry of State Portfolio and Public Enterprises, in coordination with the relevant ministry, the Council adopted a decree authorizing the increase of the State of Côte d’Ivoire’s financial participation in the share capital of the company Compagnie minière du Baffin S.A (CMB), a minority public shareholding company,” said government spokesperson Amadou Coulibaly following the Council of Ministers held on June 3, 2026.
At the end of this operation, the State’s shareholding in CMB’s capital will increase from 10% to 25%, while SODEMI will maintain its 5% stake, bringing total public ownership to 30%. This reduces the private operator’s share to 70%.
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