FSG Limited, the biggest funeral services provider in Botswana, plans to raise 36 million pula through an initial public offering to finance the construction of cemeteries and expand into Zambia.
FSG will begin trading stock on the Botswana exchange Oct. 6, becoming Africa's first publicly traded funeral company.The Gaborone-based company will sell about 30 percent of its 120 million shares for 1 pula apiece prior to listing on the Botswana Stock Exchange. The company has 50 percent of the market.
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