KKO International Signs Agreement with Spanish Group Lacasa to Create Joint Venture for Chocolate Production in Côte d’Ivoire
– KKO International has signed an agreement with the Spanish group Lacasa to establish a joint venture between Shokko and Lacasa for the development of finished chocolate products in Côte d’Ivoire. – The investment protocol includes a capital increase of 4.68 million EUR reserved for Lacasa, through the issuance of 46,800,000 shares at 0.10 EUR. – This operation would give Lacasa 22.32% of the capital and voting rights, with a governance shift towards a board mostly made up of Lacasa representatives. – The mechanism involves 2.2 million EUR in cash and 2.48 million EUR through the settlement of Lacasa-held claims. – Lacasa would receive 48,000,000 exercisable BSA between 2026 and 2032 at 0.10 EUR, potentially adding another 4.8 million EUR.
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