Castel Family Court Battle Impacts Sosucam Sale in Cameroon

Romy Castel’s court victory in Singapore adds another layer of uncertainty to the proposed sale of Sosucam in Cameroon. On October 2, 2026, the High Court ruled in her favor in a dispute over her voting rights at Investment Beverage Business Management (IBBM), the company that manages the fund that owns the Castel group’s ultimate holding company. The decision comes after Somdia announced on August 13 that it had reached an agreement to sell its stake in the Cameroonian sugar producer to a local consortium. The transaction, however, has yet to be completed. The Sosucam deal was already under pressure in Cameroon. In a letter dated August 10, three days before Somdia announced the agreement, the Prime Minister’s Office asked the company to “suspend, with immediate effect” the steps toward a sale. The government cited Sosucam’s strategic importance and said a dedicated committee was reviewing the matter. Somdia nevertheless announced on August 13 that it had reached an agreement with a Cameroonian industrial and financial consortium. The transaction remains subject to conditions that must be met before completion. The Singapore ruling now enters that already complicated process. ...