STOA to acquire a 10% stake in GSEZ Ports.

Investment company STOA agreed to acquire a 10% stake in GSEZ Ports, a landmark bulk multi-purpose port with a nominal capacity of 4m metric tons. Financial terms were not disclosed. "We are proud and thrilled to invest in GSEZ Ports, owner and operator of a large-scale and high-impact infrastructure, alongside a strong and experienced infrastructure partner, GSEZ, supporting Gabon’s ambition build a vigorous industry less and less dependent on oil. STOA is eager to build a long-term alliance with a partner with whom it shares common values, notably the goal to create durable jobs and foster the sustainable development of Gabon in a shift away from the oil industry," Charles-Henri Malecot, STOA CEO.