Shareholding: In Cameroon, SNH freezes the repurchase of Savannah shares : Orishas-finance

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Shareholding: In Cameroon, SNH freezes the repurchase of Savannah shares

15/06/2023

Categories: Companies

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Shareholding: In Cameroon, SNH freezes the repurchase of Savannah shares

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The National Hydrocarbons Corporation (SNH) is freezing the purchase of Savannah shares in the export of Chadian oil.

The board of directors of the National Hydrocarbons Corporation (SNH), meeting in ordinary session on June 13, 2023, decided to freeze the repurchase of Savannah's shares in the export of Chadian oil. This is a spectacular development in the “hot” case linked to the control of the shareholding of the Cameroon Oil Transportation Company (COTCO), the company in charge of managing the Chad-Cameroon

oil pipeline.

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