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Ecobank says to launch $2.5 bln offer Aug 25

Wed Aug 20, 2008 6:01am EDT
 
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ACCRA, Aug 20 (Reuters) - African regional banking group Ecobank ETIT.LG will launch a $2.5 billion rights issue and and public offering on Aug 25, a company statement seen by Reuters on Wednesday said.

The statement said the company's board had approved the offer at a meeting in Ghana this week. The offer will run simultaneously on bourses in Nigeria, Ghana and Ivory Coast. (Reporting by Kwasi Kpodo, Writing by Alistair Thomson)

 

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