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Metalcorp has sold its majority stake in Société des Bauxites de Guinée without informing its co-shareholders. This sale occurred only months after Metalcorp, a highly indebted subsidiary of Monaco
The decision by Handling Partner Gabon's board to dismiss its French CEO, Olivier Berni, on 4 May, gives the Gabonese Fund for Strategic Investments greater control of the airfreight company. His
Saddled with more than a billion euros in debt, Monaco Resources Group has become entangled in its own financial schemes. In terms of its logistical, agricultural and mining operations in Africa, the
Metalcorp’s bonds have been in the limelight this week after the company said Monday that it couldn’t repay €70 million debt.
Investegate announcements from MRG Finance UK PLC, Half-year Report