The Belgian holding company, KKO International, announced on Thursday 17 September 2015, the launch of its public offering on Alternext Paris and Alternext Brussels. As a reminder, the enterprise has been in cocoa production in Côte d'Ivoire since 2011, through its subsidiary (at 99.9%), the logistics and agricultural operating company (SOLEA).

The operation is in the form of a capital increase of €10 million, through an initial offer of 3,067,484 new shares, with a unitary value of between €3.26 and €3.98. This amount may be raised to a maximum of €11,499,998.82 in the case of exercising the increase option and to a maximum of €13,224,998.48 in the case of an over subscription option.

KKO International anticipates in the event of a successful offering, strengthening the financing of its activity in Côte d'Ivoire. This has been unprofitable over the three preceding years, supported by advances and loans whose total at the date of the prospectus slightly exceeded €10 million. However it should "reach a balance between revenues and current expenditure with the first cocoa harvests in October 2015", reassures the enterprise in the document of the initial public offer.

In further detail based on this logic, a considerable part of the funds raised (€5.85 million), will be allocated to obtaining land rights on additional lands and their operation, at the rate of €2.35 million during the next 12 months, €2.5 million in the following 12 months and €1 million thereafter. Another part will be invested to strengthen material and human resources and lastly it will be used to finance structural investments.