Sale of the Grands moulins de Dakar

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Jean Claude Mimran has concluded the sale of the large mills of Dakar and those of Abidjan for an amount of 207 billions of CFA francs.

According to well-informed sources, Seaboard Corporation, an American company listed on the New York Stock Exchange, has bought the two large flour mills operated by the family group for over 40 years in Senegal and Côte d'Ivoire.

Indeed, according to our radars, the operation had been started since 18 last September following the signing of a memorandum of understanding and due diligence. Seaboard was already working with the Mimran group in its Commodity Trading and Milling business.

The acquisition of the two Grands Moulins will increase the capacity of flour and animal feed for Seabord. The latter hopes to produce 24 000 metric tons per day at both sites.

David Mimran, one of Jean Claude's sons, concluded the sale and steered the negotiations.

Americans who have already paid the check will take control of the company in the coming weeks. Jean Claude Mimran, less and less present in Senegal, retired to Gstaad in Switzerland where he built a luxury hotel. His children are now interested in other investments, such as phosphate or cinem

Now, Jean Claude Mimran, has in Africa only the Sugar Company which is also on sale and should find a buyer in the coming months.

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