Cameroon is in talks to acquire Actis LLP’s majority stake in the country’s energy distributor as the London-based private equity firm seeks to exit the investment.
Central Africa’s biggest economy wants to buy all the 51% shares held by Actis in Energy of Cameroon SA, Minister of Finance Louis Paul Motaze told reporters in the capital, Yaounde. The government is assessing the value of the company also known as Eneo, he said.
“We met to assess the situation in Eneo given that its partner, Actis, has decided to withdraw from shareholding,” Motaze said. “A lot of groundwork has been done and government is already entering into negotiations with Actis.”
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