Impeccably wearing his vivid purple army go well with, adorned with all of the army insignia and a two-star common’s headdress screwed onto his cranium, the President of the Transition, Common Brice Clotaire Oligui Nguema, surrounded by the senior leaders of the Transition, was significantly relaxed this Monday. His dream of conquering the important thing sector of the nation’s oil manufacturing had simply come true.
Marcellin Simba Ngabi, the Managing Director of Assala, has simply given him the report summarizing the ultimate acquisition of Assala Vitality’s belongings from the American pension fund Carlyle.
« It was necessary, following this acquisition, to come back and current to the authorities and the Gabonese inhabitants the official paperwork of this transaction. This morning, we got here to point out, current, and clarify to the inhabitants that the Assala firm is now underneath Gabonese management. ”, joked Marcellin Simba Ngabi.
For the Gabonese authorities, the acquisition of Assala permits the nation to strengthen its place among the many main gamers within the oil trade. It ensures vitality sovereignty, affords direct advantages for the nation, together with the opportunity of totally benefiting from the financial spinoffs of its pure sources.
« This transaction now locations Gabon among the many main gamers within the oil sector. We’re dedicated to preserving the skilled achievements of every worker in step with the employment coverage applied by the transitional authorities. All jobs might be maintained and preserved. There may be due to this fact no want to fret. “, reassured the boss of Assala.
“We’ve got purchased the corporate, its tools and its belongings, however we additionally intend to switch the contracts and due to this fact the personnel. The actions will proceed with Gabonese administration “, he summed up.
An funding of 648 billion FCFA
The acquisition of Assala Vitality, one of many main oil producers in Gabon, value the trifle of 648 billion FCFA, in keeping with a press launch from the Gabonese presidency.
The method occurred in two phases. On February 15, 2024, with the signing of the acquisition contract between Gabon Oil Firm (GOC) and the American pension fund Carlyle, assured by a deposit of roughly 123 billion CFA francs. Lastly, on June 21, with a cost of 513 billion CFA francs and 12 billion CFA francs in customs obligation charges, for a grand complete of 648 billion CFA francs.
It’s the nation’s largest financial operation for the reason that coup of August 30 that overthrew the Ali Bongo regime.
Lyrical Flights of Oligui Nguéma
The initiator of this buyout challenge, the President of the Transition, made a historic assertion.
« On December 31, 2023, I dedicated to exercising the State’s proper of pre-emption for the acquisition of Assala Vitality, the second largest oil firm in Gabon, with a manufacturing of 52,000 barrels per day. “, he recalled in entrance of an viewers composed of the administration employees of Assala and the Prime Minister, Raymond Ndong Sima.
« This historic operation for our nation was carried out with out burdening the general public debt. “, exonerated Oligui Nguema, whose debt administration was the topic of a current scathing IMF report.
Based on him, the ingenious mechanism put in place for the success of this operation was articulated round Gabon Oil Firm (GOC), used as a strategic monetary car on the service of Gabon. No precise particulars on the origin of the funds.
« This acquisition, of which we will be proud, will finally enhance our revenues, permitting us to hold out our quite a few improvement initiatives with higher margins. “, he added earlier than closing his speech with the legendary slogan launched for the reason that first day of the cold seizure of energy: ” Honor and loyalty to the homeland ».
Reconnaissance
To shut the pleasant ceremony organized on the esplanade of the Gabonese presidential palace, Common Oligui Nguéma embellished the primary actors who efficiently led this operation.
The pinnacle of the CTRI notably awarded medals of the Gabonese order of advantage to a number of personalities together with the Minister of Oil Marcel Abéké, the ADG of Assala, Marcellin Simba Ngabi but in addition to the very discreet however highly effective advisor head of the oil division on the presidential palace, Arnaud Engandzi.
Antoine Relaxes
2024-07-01 22:45:07
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