BGFI Holding Corporation has confirmed that the Commercial Court of Libreville dismissed all claims filed by a group of shareholders challenging the company’s decisions.
The ruling, handed down on 19 September 2025, concerned complaints brought by SOGAFRIC HOLDING, CAPELLA, SELCO, and several individuals including Julia Boutonnet, Boris Kerangall, Christian Kerangall, Wilfrid Kerangall, Christian Renoux, Romain Boutonnet, and Richard Auguste Onouviet.
After reviewing the case, the Court rejected all allegations and dismissed the claims, upholding the legitimacy of BGFI Holding Corporation’s Extraordinary General Meeting held on 25 June 2025.
The ruling validates all resolutions adopted at the meeting, including the company’s highly anticipated initial public offering (IPO) on the Central African Stock Exchange (BVMAC) and the increase of share capital by 15,735,360,000 FCFA, raising it from 141,618,240,000 FCFA to 157,353,600,000 FCFA.
A statement from BGFI Holding Corporation’s management reaffirmed the company’s commitment to “good governance, transparency, ethics and compliance,” which it described as key pillars of credibility and trust among employees, clients, shareholders, and other stakeholders.
“The Group also wishes to reassure its partners that its ‘DYNAMIC 2025’ Business Project has entered its final phase, with performance above projections,” the statement said. “For the future of the Group, it is conceived with the ongoing development of the strategic plan 2026-2030, which will focus on the development and support for sustainable growth of African economies.”
Regarding the IPO process, the company confirmed that the operation will resume shortly, in accordance with the roadmap established by its governing bodies. An official communication providing detailed information on the next steps is expected to follow.
The Court’s decision marks a significant milestone for BGFI Holding Corporation, clearing legal obstacles and reinforcing confidence in the company’s governance and strategic direction as it prepares for one of the most closely watched IPOs in the Central African region.
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