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Chai Energy Targets US$300 Million IPO to Acquire Stakes in Ghana’s Power Sector
By: Marcella Mwinkoma Babing
Ghanaian energy investment company Chai Energy is preparing to raise approximately US$300 million equivalent to about GH¢3.5 billion, through a proposed Initial Public Offering (IPO) to acquire stakes in two existing independent power producers.
The proposed offer, reported on Wednesday, October 28, could become the largest IPO in the history of the Ghana Stock Exchange if completed at the indicated size. The company has applied to the Securities and Exchange Commission for approval, with the offer tentatively targeted for November 2026.
Unlike companies seeking…
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