Cocoa Shipper Saf-Cacao’s Liquidator Is Said to Name Favored Bid

The liquidator of Saf-Cacao, one of Ivory Coast’s biggest cocoa exporters, named a little-known company as the favored bidder for the shipper’s assets in a 230 billion CFA francs ($405 million) offer, according to four people familiar with the matter.

Liquidator Alain Guillemain considered two final bids for the processing and warehousing properties of Saf-Cacao and awarded the assets to a unit of Prime Group of Companies, headed by Moroccan national Karim Bouhout, said the people, who asked not to be identified because they’re not authorized to speak publicly about the matter.

Prime offered to make an initial payment of ...