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Societe Generale agrees to sell local unit to State of Cameroon

Published by Global Banking & Finance Review

Posted on July 15, 2025

1 min read

· Last updated: January 22, 2026

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Societe Generale agrees to sell local unit to State of Cameroon
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(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

Societe Generale to Divest Its Cameroon Subsidiary to Government

(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)

Key Takeaways

  • Societe Generale sells its Cameroon subsidiary to the government.
  • The sale increases Cameroon's stake to 83.7%.
  • The transaction details, including price, remain undisclosed.
  • This move is part of Societe Generale's strategic divestment.
  • The sale was reported by Reuters.

Frequently Asked Questions

What did Societe Generale agree to sell?
Societe Generale has agreed to sell its Cameroon subsidiary to the State of Cameroon.
What percentage of shares is being sold?
The sale will cover more than 58% of shares in the subsidiary.
What will be the total stake held by Cameroon after the sale?
After the sale, the stake held by Cameroon will increase to 83.7%.

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