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Deal #1158 Version #51535

Cameroon

Created at

2013-02-15

Last update

2013-03-28

Last full update

2020-03-17

Land area

Intended size

9 000 ha

Size under contract (leased or purchased area)

[1960, current] 9000.0 ha

Comment on land area

Distributed in 3 separate blocks

Intention of investment

[current] Non-food agricultural commodities, Agriculture unspecified

Nature of the deal

Outright purchase

Negotiation status

[1996, current] Concluded (Contract signed)

Comment on negotiation status

From October 1987 – Oct, 1996, a period spanning nine years PPCL was in voluntary liquidation before its creditors agreed to buy the company through a debt equity swap in settlement of outstanding debts owed. Hence, in 1996, a new company came into being called “Pamol plantations Limited” (PPL), which now took over the assets of PPCL and the creditors became the shareholders. With the introduction of OHADA, its in applicable provisions, Pamol Plantations Limited (PPL) became Pamol Plantations Public Limited Company (PPPlc).

Implementation status

[1960, current] In operation (production)

Comment on implementation status

Operations already started before under different name