KKO International makes debut on Alternext Brussels and Paris

Back

Belgian holding specialising in cocoa production valued at € 31.6 million

Brussels, Paris – 27 October 2015– EnterNext today welcomed KKO International on the Alternext markets in Brussels and Paris. This is a new example of company making use of EnterNext’s initiative designed to simplify smaller-sized companies’ access to capital and a broader investor base. KKO International is currently the only company benefitting from a dual listing on Alternext and is the first food producer to do an IPO on the European markets in 2015[1].

Founded in 2011, KKO International is a Belgium-based holding company, owner of Solea, a logistics and farming company. Solea specialises in the plantation of cocoa trees and in the farming and harvesting of cocoa beans in the Bocanda region in Ivory Coast. The proceeds of the IPO will allow KKO International to secure rights to possess and cultivate additional parcels, to invest in staff and equipment and to strengthen structural investments in its plantation.

KKO International (ticker code: ALKKO) raised € 6.54 million in new capital at a final offer price of €3.26 per share. With a total of 9,706,577 shares, the company has an initial market capitalisation of EUR 31.6 million.

Jacques-Antoine de Geffrier, Chairman of KKO International, declared: “KKO International would like to thank all those who have expressed their trust by subscribing to our IPO. With their support, KKO International is now totally debt-free and well-equipped to pursue and secure its development. Our main objective is to have 3,000 hectares planted and irrigated. We also thank all our partners for their valuable contribution and, of course, Euronext and Alternext for their hospitality and support.

It doesn’t happen often that a plantation company goes public, so we are particularly happy to welcome KKO International to our Alternext markets,” said Vincent Van Dessel, CEO of Euronext Brussels. “We are confident that this IPO will allow the holding to boost the visibility of its original project towards international institutional and retail investors.”

Alain Baetens, Head of Listing of Euronext Brussels, added: “EnterNext is delighted to partner with KKO International as it enters in a new phase of its development and now benefits from strong complementary financing options offered by Alternext, through a simplified, cost-effective and tailor-made listing process. The unique offering of multiple listing venues across our markets will help KKO International to create optimal conditions to enhance its liquidity as public traded stock. It joins a community of over 190 companies listed on Alternext, totaling € 9.5 billion market cap, as well as an investor reach across 20 countries worldwide.” 

To celebrate the listing, Jacques-Antoine de Geffrier, Chairman of KKO International, rang the bell in Brussels to open trading.



[1]Source Euronext/Bloomberg, 26 October 2015.

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2022, Euronext N.V. - All rights reserved.