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SGC: 3 banks in the running to buy out the State's shares

Dernière mise à jours il y'a 6 mois

These banks are BGFIBank, NSIA Bank, and Zenith Bank,well-established players in the African banking sector, with a strong presence in various markets

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The Cameroonian state has finalized the buyout of Société Générale's shares in its local subsidiary, increasing its stake to 83.68%. This move paves the way for a new era for the bank. The Minister of Finance, Louis Paul Motaze, has  indicated that the acquired assets will be resold. Three major African banks are reportedly interested in acquiring a stake in Société Générale Cameroun : BGFIBank, NSIA Bank and Zenith Bank.Each of them has development ambitions in the Cameroonian market. According to Louis Paul Motaze, The outcome of this operation will depend on negotiations between the Cameroonian State and the potential buyers. The coming months will be crucial in determining who will be the future owner of Société Générale Cameroun. The interest from these banks highlights the potential for growth and development in the Cameroonian banking sector

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christelle
JESSICA CHRISTELLE KOAMBI
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