BRVM suspends Sucrivoire, Sonoco Metal Packaging over disclosure failures

IVORY COAST – The Bourse Régionale des Valeurs Mobilières (BRVM) has suspended trading in Sucrivoire and Sonoco Metal Packaging SIEM, citing undisclosed material information for the sugar producer and regulatory non-compliance for the metal packaging manufacturer.

Sonoco Metal Packaging SIEM, formerly known as Eviosys Packaging SIEM, was suspended for failing to comply with regulations governing the disclosure of periodic financial information. 

The company had already faced a trading halt in September 2025 after repeated delays in publishing its accounts, returning to the market only in January. 

The latest action represents another interruption for a business that has struggled to maintain consistent reporting standards. 

The BRVM will maintain the suspension until Sonoco regularises its situation by publishing the required financial statements, particularly first-quarter and first-half 2026 results.

Sucrivoire Halt Awaits Publication of Price-Sensitive Announcement

For Sucrivoire, the suspension stems from a different reason. Notice No. 269 cites Article 1511 of the BRVM’s trading rules and Instruction II-C, indicating the company holds material, not-yet-public information capable of moving its share price. 

The suspension will run until Sucrivoire publishes its announcement. 

The context sharpens the wait. 

A SIFCA group subsidiary, Sucrivoire has been the BRVM’s standout performer in 2026, with its share price rising from roughly 1,030 CFA francs (US$1.82) to over 3,000 CFA francs (US$5.31), despite a net loss of 7.9 billion CFA francs (US$13.98 million) in its last financial year.

Suspension Mechanism Protects Equal Access to Information

A suspension freezes all orders in the affected stock. It is not a punishment for shareholders but a safeguard ensuring equal access to information before trading resumes. 

Investors holding these shares cannot buy or sell them during the halt, though the measure does not itself cause capital loss. 

Once the BRVM restores trading, the market will incorporate newly disclosed financial information into the prices of both stocks. 

The exchange can lift Sucrivoire’s suspension after the company publishes its required statement, while Sonoco must meet applicable regulatory requirements before trading resumes.

Regulatory Scrutiny Intensifies Across BRVM

The simultaneous suspensions reflect stepped-up enforcement of disclosure obligations on the regional exchange. Sonoco, which manufactures metal packaging for food and industrial applications, has now been suspended twice within a year for reporting failures. 

Sucrivoire’s situation differs fundamentally, as the halt addresses pending information rather than a compliance breach. 

For the metal packaging sector, Sonoco’s inability to maintain timely financial reporting raises questions about internal controls and governance at a time when packaging manufacturers across West Africa face rising input costs and competitive pressure. 

Investors in both stocks now await company communications that will determine when trading can resume.

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