Camalco Acquires 42.8% Stake in Douala Timber Terminal

Camalco invested CFA347.45 million in TBPD, which diluted the existing shareholders’ combined stake to 57.2%. The Canyon Resources subsidiary received newly issued shares rather than buying shares from existing investors. Camalco now owns stakes in both TBPD and Camrail, two companies involved in the planned Minim-Martap bauxite transport chain. Camalco Cameroon has taken a 42.8% stake in the Douala Port Timber Terminal (TBPD), giving the Canyon Resources subsidiary a position in another part of the logistics network planned to move Minim-Martap bauxite from northern Cameroon to the coast. The transaction reduced the combined stake of TBPD’s existing shareholders to 57.2% from 100%. The dilution followed a CFA347.447 million capital increase reserved entirely for Camalco, according to a legal notice from the March 31, 2026 extraordinary general meeting reviewed by Business in Cameroon. TBPD’s capital increased from CFA464 million to CFA811.447 million through the issuance of 347,447 new shares with a nominal ...