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Chaineum acts as STO Advisor for Carthagea
Chaineum, a France-based corporate finance advisory firm and a pioneering Initial Coin Offering (“ICO”) advisor, accompanies the first French law governed “Security Token Offering” (“STO”) on behalf of its client Carthagea.
A STO is a new fundraising trend consisting in the issuance of financial securities to be registered and eventually, in the future, exchanged on a blockchain. The STO of Carthagea will be carried out in compliance with the French ordinance No. 2017-1674 of December 8, 2017, and Decree No. 2018-1226 of December 24, 2018.
As part of this transaction, Carthagea intends to raise funds for a total amount of up to €100 million. It will be carried out through a private placement of ordinary shares to qualified investors individually investing at least €100,000, under the exemption on requirement to publish a prospectus provided by the Prospectus Directive, as transposed under French law in Articles L. 411-2 I 2° of the Monetary and Financial Code and 211-2 I 3 of the General Regulations of the French Financial Markets Authority(AMF).
“This is a unique opportunity for Carthagea to consolidate its position as a key player in the field of operating nursing homes for the elderly in Tunisia. Strengthening this geographical position will allow us to pursue the transformation of luxury hotels in the country to the benefit of dependent elderly persons who sometimes suffer from neurodegenerative diseases” said Alexandre Canabal, CEO of Carthagea.
As per Alexandre Canabal’s vision, the development of Carthagea’s activities in the Middle East is in preparation.
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