Chedid Capital has acquired a further 20% stake in Ascoma. This shareholding was acquired from the Husson family, founders of the African brokerage group. The Lebanese holding thus becomes Ascoma's sole shareholder.
For the record, Chedid Capital finalized the acquisition of 80% of the broker's capital [4] in 2021.
This transaction has allowed Ascoma to consolidate its governance structure, expand its technical capabilities and strengthen its competitive position.
The acquisition is also in line with Chedid Capital's strategy to reinforce its position as a leading insurance and reinsurance investment group.
Based in Monaco, Ascoma has over 850 employees in 23 subsidiaries and 21 African countries. Chedid Capital has a network of 64 subsidiaries and 1 600 employees of over 50 nationalities on three continents. The company currently manages over 1 billion EUR (1.1 billion USD) in premiums.
Both companies are chaired and managed by Farid Chedid [5].