Cameroon Gas Operator GDC Reduces Share Capital by 86% Post-Takeover

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 not explain how the capital reduction was carried out. It is therefore unclear whether the CFA57.03 billion reduction reflects the absorption of accumulated losses, a repayment to the shareholder, or another accounting transaction. A capital reduction intended to offset previous losses does not necessarily require a cash payment. Instead, it adjusts the share capital recorded in the company's articles of association to reflect losses already recognized in its accounts. The full shareholder resolution and GDC's financial statements would be needed to establish the precise nature of the transaction. <span style="font-size: 10pt; font-family: arial, helvetica, ...