Togo: Société Générale d’Intermédiation (SGI-Togo) goes under restructuring

Finance
Friday, 02 March 2018 19:04
Togo: Société Générale d’Intermédiation (SGI-Togo) goes under restructuring

(Togo First) - Société Générale d’Intermédiation (SGI-Togo) has started its restructuring, according to local weekly “La Nouvelle Tribune” in its release of March 1, 2018.

According to the newspapers, this operation will directly impact the firm’s management. In detail, the position for deputy managing director will be created. The initiative aims at making the firm’s management more transparent.

Also, the company’s board of administration is looking for a new managing director, to be better positioned in the intermediate finance industry.

This is as the current MD, Mensah K. Assigbi, resigns. However, pending arrival of his replacement, he still heads the firm.

According to the newspapers, the outgoing MD has failed to handle the operation to borrow CFA60 billion via public offering launched by Togo. The transaction was finally handed over to CGF Bourse which is based in Dakar.

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