Transaction Summary
Guan Chong Berhad (GCB), the world’s fourth-largest cocoa grinder and Asia’s leading cocoa-derived food ingredient manufacturer, has completed the acquisition of a 25% stake in Transcao Côte d’Ivoire SA (Transcao CI) from Conseil du Café-Cacao (CCC), the Ivorian government’s cocoa and coffee regulatory body, for RM130.1 million ($28.9 million). The transaction includes a $7.9 million equity investment and a $21.1 million asset contribution, funded through internal reserves, with part of the amount reimbursed via bank financing. Established in 2019, Transcao CI supports the Ivorian government’s drive for local cocoa processing, producing cocoa liquor, butter, and powder for domestic and international markets. The deal was first announced on 9 October 2024 and was executed through GCB Cocoa Singapore Pte Ltd, GCB’s wholly owned subsidiary, and was formalised via a share sale agreement with CCC. Expected to close by Q2 2025, the deal will see CCC’s shareholding in Transcao CI reduce from
