The Norwegian company, Yara which specialises in the production and marketing of high-end fertilisers has sold its entire stake in Yara Cameroun. The sale means Yara Cameroun will operate under the name Hydrochem Cameroun. Noutchogouin Jean Samuel (NJS) bought the shares which marks a turning point for the group extending their influence in the agricultural sector. NJS has ambitions for expansion projects which will strengthen food security and promote innovation in the agricultural sector.
Yara were supported by Zangue & Partners providing legal advice during this deal and were honoured to have successfully led this transaction.
The role of Zangue & Partners consisted of;
Reviewing the transaction in accordance with Cameroonian law; Monitoring for the obtention of the authorisations required to complete the transaction; Assisting with the labour issues arising from the transaction; Monitoring and assisting with the fulfilment of the conditions precedent to the completion of the transaction; Monitoring the completion of post-closing formalities.
They remain at the entire service of their valued clientele.
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