(Ecofin Agency) - Deustch firm Amtrada just announced it has sold its Ivorian subsidiary Cipexi, specialized in cocoa export, to Swiss trader Origins.

The deal which cost Origins €8 million allows it to be introduced into physical market on one hand and puts an end to Amtrada’s romance with Cote d’Ivoire on the other. Fabrice Laurent, one of the administrators of the Swiss trader, told Reuters that with this transaction, “Origins became the sole shareholder of Cipexi in Cote d’Ivoire, where the firm just got two factories with 600 workers”.

For the firm which aims to export 50,000 tons at the end of this season, the goal is to double this quantity by 2019.

Aaron Akinocho