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BGFI Holding Wins Court Approval, Prepares to Relaunch BVMAC IPO
['Business In Cameroon', 'Economie', 'Banking', 'Energy', 'Comms', 'Media', 'Law', 'Insurance', 'Public Management']
Business in Cameroon
(Business in Cameroon) - A Libreville (Gabon) commercial court ruled on Friday in favor of BGFI Holding Corporation in a dispute with a group of shareholders led by Christian Kerangall, who holds a 23% stake.
The dissenting shareholders also contested a capital increase of 15.7 billion CFA francs, which would have raised the company's share capital from 141.6 billion to 157.3 billion CFA francs.
The operation was set to list 1,573,536 shares, or 10% of the company's capital, at 80,000 CFA francs per share, aiming to raise 125.8 billion CFA francs in equity.
BGFI Holding confirmed that its "Dynamique 2025" plan is in its final phase with better-than-expected results, and announced a new 2026-2030 strategic plan focused on the sustainable financing of African economies.
The holding company promised that the IPO would resume "very soon" and that an official announcement would follow with a specific timeline.
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