UPDATE 1-West Africa's BRVM bourse targets five listings in 2014

Thu Feb 27, 2014 9:38am EST

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* Bourse in talks with banks, insurer and gold miner

* Bank of Africa Group seeks to list another subsidiary (Adds details)

ABIDJAN Feb 27 (Reuters) - West Africa's regional BRVM bourse is targeting five new listings this year including Bank of Africa-Senegal as well as Ivorian banks Societe Ivoirienne de Banque (SIB) and BIAO-CI, the Abidjan-based exchange's Chief Executive said on Thursday.

The bourse was negotiating with a Canadian gold miner operating in Ivory Coast and a Senegalese insurance company, Edoh Kossi Amenounve told Reuters on the sidelines of a press conference. He declined to name the two other companies.

Bank of Africa Group, majority owned by Morocco's BMCE , already has its subsidiaries in Benin, Burkina Faso, Ivory Coast and Niger listed on the BRVM.

Ivory Coast is liquidating the state's stakes in 15 companies in a round of privatisations announced in December.

The government intends to sell a 49 percent stake in SIB worth 4.9 billion CFA francs ($10.21 million). Morocco's Attijariwafa Bank holds 51 percent of SIB. It plans to sell a 10 percent stake in BIAO-CI worth 2 billion CFA francs. ($1 = 479.9570 CFA francs) (Reporting by Loucoumane Coulibaly; Writing by Joe Bavier; Editing by Emma Farge)

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