Société Générale has agreed to sell its 58.08% stake in Société Générale Cameroun to the Cameroonian government, increasing the government's ownership to 83.68% and aiming to strengthen the local banking operations.

Information on the Target

Société Générale is set to transfer its total stake of 58.08% in Société Générale Cameroun to the Cameroonian government. Following this acquisition, the government will increase its ownership in Société Générale Cameroun to 83.68%, thereby becoming the majority stakeholder. This transaction entails a complete takeover of the subsidiary's operational activities, client portfolios, and all employees associated with the entity.

The deal is projected to be finalized by the end of 2025, pending customary conditions and approval from relevant financial and regulatory authorities.

Industry Overview in Cameroon

The banking sector in Cameroon has experienced substantial growth in recent years, boosted by a favorable macroeconomic environment. With a population of over 25 million, the demand for banking services has skyrocketed,