Amadagana & Partners Advised Actis On Strategic Sale Of Stake In Eneo Cameroon To The State Of Cameroon
Amadagana & Partners advised Actis on the strategic sale of its 51% stake in Eneo Cameroon to the State of Cameroon.
Amadagana & Partners Advised Actis on Strategic Sale of Stake in Eneo Cameroon to the State of Cameroon
The Africa-based law firm, Amadagana & Partners advised Actis Investment Fund in connection with the first stage of the strategic sale of its 51% stake in Eneo Cameroon S.A. to the State of Cameroon, represented by the Ministry of Finance and the Ministry of Energy. The transaction is valued at CFA 78 billion and follows several years of negotiations, culminating in the signing of the contract.
The firm worked closely alongside teams from Actis and Cameroon Power Holdings, as well as financial advisor FINANCIA Capital, in coordination with advisors from the Cameroonian government as part of the interministerial committee responsible for the negotiations under the leadership of the Ministry of Finance.
The transaction marks the successful completion of the first phase of an operation with significant national implications for Cameroon’s energy sector and is expected to be finalized shortly upon satisfaction of the conditions precedent.
The Amadagana & Partners team advising on the matter comprised Lynda Amadagana (Partner) and Elise Ngo Nyobe (Partner), with support from Kevin Djomgoue (Associate) and Cécile Daniele Bella (Associate).
Amadagana & Partners is a modern law firm based in Paris and Yaoundé, with recognized expertise in OHADA law, as well as the energy, mining, infrastructure, and financing sectors. The firm provides strategic, game-changing advice to investors, sponsors, and government entities in the structuring and management of projects across Cameroon and Africa, with a particular focus on the OHADA zone. Founded by Lynda Amadagana following significant experience at leading law firms in France and Cameroon, the firm combines deep knowledge of local markets with relevant international standards to deliver high-quality, client-focused legal solutions.
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