SUBSIDIARY NAME
IIB-DG-SPOA-BENIN
COUNTRY
BENIN
SECTOR/ INDUSTRY
PORT
OWNERSHIP %
60% IIB-DG
ACQUISITION DATE
APR 06,202
ACQUISITION VALUATION
290 MILLION USD
TOTAL ASSET VALUATION
2.9 BILLION USD
TRANSPORT-AVIATION
IIB-DG-SPOA-BENIN – IIB-DG acquired Société des Plateformes Portuaires d’Afrique de l’Ouest (SPOA-BENIN) S.A in April 06th, 2020 for the purpose of financing, rehabilitating, managing, operating, maintaining and developing the dry ports of Bohicon and Tchaourou in the Republic of Benin and optimization of the Perimeter and the execution of any development work. The project is to allow the reception and processing of goods to and from the seaport of Cotonou to hinterland countries (Niger, Burkina Faso, Mali) and an annex in Tchaourou for the northern region of Benin and also the Federal Republic of Nigeria (the saturation of his main port of Lagos is legendary).