After being placed in receivership last March in order to implement major restructuring actions, the French group Rougier finally sold last week, subsidiaries of its Africa branch in Cameroon and Central Africa.
According to a statement issued for this purpose, the group indicates that “the Commercial Court of Poitiers authorized, during the hearing of July 13, the entire process of sale in Cameroon of the Forestry and Industrial Society of Doume (SFID), the Cambois Company, the Sud Participation Company and the Central African Republic of the Rougier Sangha-Mbaéré Company (RSM) “.
“The companies SFID, Cambois, Sud participation and RSM were acquired by the company Sodinaf (New Distribution Company of Africa) following the final signatures made on July 16 in Douala. This Cameroonian company was chosen for the quality of its project, which will help ensure the sustainability of the divested activities, “explains the French group in the document.
According to Rougier, “the completion of this divestment transaction streamlines the Group’s business portfolio.”
It should be noted that the other French and African companies in the group are not concerned, the French import subsidiary, Rougier Sylvaco Panneaux, having for example economic and financial autonomy.
