Societe Generale agrees to sell local unit to State of Cameroon
Published by Global Banking & Finance Review®
Posted on July 15, 2025
1 min readLast updated: January 22, 2026
Published by Global Banking & Finance Review®
Posted on July 15, 2025
1 min readLast updated: January 22, 2026
Societe Generale has agreed to sell its Cameroon subsidiary to the State of Cameroon, increasing the government's stake to 83.7%.
(Reuters) -Societe Generale has agreed to sell its Cameroon subsidiary to the State of Cameroon, the France-based international banking group said on Tuesday.
The sale, for which the price was not disclosed, will cover more than 58% shares in the subsidiary, pushing the stake held by Cameroon to 83.7%.
(Reporting by Mateusz Rabiega in Gdansk, editing by Milla Nissi-Prussak)
Societe Generale has agreed to sell its Cameroon subsidiary to the State of Cameroon.
The sale will cover more than 58% of shares in the subsidiary.
After the sale, the stake held by Cameroon will increase to 83.7%.
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