Comment
Senhuile S.A. is a joint venture initially owned by Tampieri Financial Group SA (up to 51%) and by Senethanol SA, based in Dakar (49%)
AAGR is owned by Romanian mining and energy tycoon Frank Timis (80%) and
Senhuile’s former chair Gora Seck (9%). US investor Alan Kessler serves as Chairman
and CEO. In March 2022, the company initiated a public offering (IPO) on the Nasdaq
stock exchange with the goal of raising US$40 million to finance its operations. If the listing
goes ahead, Kessler will have the right to acquire 5% of the shares