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Deal #3433 Version #89990
Senegal
Created at
2013-03-22
Last update
2023-03-24
Last full update
2022-06-21
Operating Company
Operating company
Actors involved in the negotiation / admission process
- Government of Senegal Government / state institutions (government, ministries, departments, agencies etc.)
Name of investment project
Fermes de la Teranga (Ex SenHuile)
Comment on investment chain
As the project was transferred, new investors came in, including the Italian Tampieri Financial Group. Lawsuits filed by company partners against each other and in 2017, the Italians pulled out. Previously known as Senhuile-Sénéthanol, now known as Les Fermes de la Téranga. Les Fermes de la Teranga (LFT) is an anonymous company with a capital of 3.2 billion FCFA. The shareholder is composed of Mr. Gora Seck and Global Commodities, a Baar-based Swiss company. LFT has already invested more 3 billion to strengthen its system irrigation in addition to the 13 billion already invested since its creation in the development and equipment. Today, there are reports that Les Fermes de la Téranga, the name of the new company that took over Senhuile and occupies its headquarters, is another front for financial mischief.
Network of parent companies and tertiary investors/lenders
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Legend
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