Paul Fokam’s Afriland withdraws from Equatorial Guinea

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.jeuneafriquebusinessplus.com/en/806644/paul-fokams-afriland-withdraws-from-equatorial-guinea/

14/01/2021 at 16h43, by Omer Mbadi

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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