Hidroeléctrica de Cahora Bassa announces IPO

Hidroeléctrica de Cahora Bassa (HCB), the Mozambican concessionaire of the Cahora Bassa hydroelectric plant, has announced the launch of its initial public offering (IPO) for up to 7.5% of its shares to individual Mozambican nationals and collective national investors. The IPO will see a first tranche of 2.5% of its shares becoming available on the Bolsa de Valores de Moçambique.