In order to buy 58% of the shares of Société Générale Cameroun (SGC), the State of Cameroon proposed an envelope of 122.64 billion FCFA. This offer covers all the shares held by the French banking group Société Générale, the majority shareholder of

In a correspondence dated January 16, 2025 and addressed to the Chairman of the SGC Board of Directors, the Minister of Finance, Louis Paul Motaze, asked the Board of Directors to consider this correspondence as the formal statement of the State of Cameroon to exercise its right of pre-emption. For this purpose, the Cameroonian State positions itself as the exclusive purchaser of the shares offered for sale, under this law, which allows it to favour its acquisition over any other potential

The financial offer put forward by the State is based on an evaluation based on the Discounted Dividend Model (DDM), a method that values the company based on current future dividend flows. According to the Ministry of Finance (Minfi), this approach has led to a downward revision of the book value of Société Générale Cameroun (SGC), the second largest bank in the country, whose equity increased from 142.9 billion FCFA to 135.3 billion FCFA