Texaf SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Societe Financiere et de Gestion Texaf Sells Stake in MECELCO
Societe Financiere et de Gestion Texaf announced that the Company and its co-shareholders have sold their stakes in MECELCO to an industrial group active in Katanga. This new stage in MECELCO's life will allow it to continue growing, after the Company, as part of its industrial investment policy in the D.R. Congo, has spent years turning it around, structuring and diversifying it. Taking into account provisions, this disposal will generate a result larger than EUR 1 million, and eliminate a source of recurring losses.
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