Last Updated: 11 May 2020
The 4.0% public offering (IPO) operation of the shares of Hidroeléctrica de Cahora Bassa (HCB), S.A. , held in July 2019, on the Mozambique Stock Exchange (BVM), entirely dedicated to Mozambican citizens, companies and institutions, was distinguished by the international magazine The Banker, edition of May 2020, with the prestigious Deal of the Year award 2020 - Equity Winner Africa.
The prize was awarded in recognition of its success in the results achieved “not only due to the size of the challenge that the transaction represented, but also due to the fact that in an economy where a large number of the population is not yet banking, reaching the common investor was a great obstacle, ”announced The Banker.
The Banker said that the transaction is a major milestone for the country, as it has never witnessed such an IPO before, with the number of investors registered on the Mozambique Stock Exchange almost tripling from less than 8,000 to approximately 23,000 after the transaction.
The magazine also highlighted the fact that more than a third of subscription orders were carried out using remote channels, such as cell phones, without the need for internet, specially developed to ensure the scope and inclusion of the operation.
The Banker is a publication of the Financial Times Group that provides economic and financial intelligence information to the global financial sector. It has been operating in the market since 1926, presenting objective and incisive reports with banking information, maintaining a reputation for accuracy, authority and integrity.
It is worth mentioning that, this is the second time that HCB's IPO has been awarded an international recognition award, after being distinguished with the DealMakers Africa Special Recognition Award, in March this year.
The first distinction took place at the Annual Awards Gala that took place in Nairobi, Kenya, with the “Special Recognition Award” for the uniqueness of its characteristics, which distinguishes it from the others, especially the aspect of economic inclusion of Mozambicans, reaching citizens non-bankers, the innovative nature of using remote channels (mobile banking) and the exceptional results it has achieved, being the largest transaction in the Mozambican capital market to date.
DealMakers AFRICA is a platform launched in 2000 that has become the leading provider of M&A Rankings in South Africa and has been tracking M&A and Corporate Finance activities in the rest of the continent since 2008. Since 2013, it has published an annual Directory at the DealMakers awards in South Africa and DealMakers Africa in Kenya.Photo Events
: Moment of award award. (E-D) Harold Paka (BVM), José Mugalela (HCB), Marylou Greig (DealMakers Africa), Meul Gulabsinh (BIG), Hugo Costa (BCI) and Arie Maree (Ansarada).Image 2:
Moment of announcement of “Special Recognition Award 2019
”. (E-D) Arie Maree (Ansarada) and Marylou Greig (DealMakers Africa).