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Gabon Highway Company: The pan-African infrastructure and logistics solutions holding sells its shares to Meridiam

25/04/2023
Source : ORISHAS FINANCE
Categories: Companies

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The pan-African infrastructure and logistics solutions holding founded by Olam International does not plus some of the shareholders of the Gabon Highway Company. This company is in charge of the rehabilitation of the Transgabonaise, a 780 km road that connects Libreville to

Franceville.

Since December 2022, Olam's Gabonese subsidiary has sold all of its shares in Société Autoroute du Gabon, i.e. 50%, to Meridiam. Meridiam is a French partner with whom it Olam International joined forces in 2019 to relaunch redevelopment work. This partnership has made Meridiam the sole shareholder of SAG, since through this transaction, which has not yet been formalized, Arise is also withdrawing from

the project.
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