Cameroon Gas Operator Slashes Share Capital by 86% a Year After Takeover

Cameroon Gas Operator Slashes Share Capital by 86% a Year After Takeover BY Baudouin Enama Gaz du Cameroun (GDC), the operator of the Logbaba gas field in Douala, has reduced its share capital by CFA57.03 billion, or 86.4%, just over a year after Cameroon Holdings Limited (CHL) took control of the company. According to a legal notice published on October 9, 2026, GDC's sole shareholder decided on August 25 to cut its capital from CFA66.007 billion to CFA8.978 billion. The restructuring follows a takeover that also included receivables with a book value of nearly CFA68.5 billion. The legal notice does…