Paul Fokam’s Afriland withdraws from Equatorial Guinea
The government takes back its shares for €45 million.
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▪ Paul Fokam’s Afriland withdraws from Equatorial Guinea
▪ The government takes back its shares for €45 million.
▪ https://www.africabusinessplus.com/en/806644/paul-fokams-afriland-withdraws-from-equatorial-guinea/
According to Jeune Afrique Business+, the government bought the shares of Afriland First Group and its Cameroonian subsidiary in the country’s leading bank. The €44.7 million transaction makes the State the majority shareholder of CCEI Bank GE.
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