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it is not decide to cede entirely, the number of shares required can be ceded to one or more phy- sical people or corporate bodies for private interest.In any of both cases above, there is continuity of the company. The inter ministry commission in charge of privatisation takes necessary legal pro- visions for application in private companies.When a company to be privatised does not have capital divided into shares, or have its financial structure is highly unequal:• All or part of its assets can be ceded or given to one or more physical or corporate people of private interest.• The company is prepared in view of its privatisa- tion: its statutes are modified to provide a capital divi- ded into shares and the legal provisions for private companies are applied to the said company.When the privatisation mode of a public or para public company chosen provides the entry into the capital of physical or corporate bodies of private interest, the State and public organs can abandon their preferential subscription rights to benefit those people in the case of an increase in capital; accept a restructuring of capital by the transforma- tion of claims to benefit these people.When it does not want to give ownership of the com- pany to privatise, but wishes to only give out exploi- tation and or concession of the activity to physical or corporate people of private interest, the State can:• Rent the assets ot the company to a physical or corporate body with private interest• Confide the management of the company or its assets to a physical or moral person with private interestIn view to ease the implementation of a specific privatisation, it can be decided to divide the company in various distinct companies where privatisation can come in separately according to one of the methods provided above:Privatisation can also be realised by fusion or absorption or a public company by a private company belonging to physical or corporate bodies of private interest.The mode of privatisation takes into account the legal nature and the domain of activity of public companies to be privatised and can conse- quently take one of the following forms:n Total or partial ceding of shares n Total or partial ceding of assets n Rents or rent and management n Fusion, split-up or absorptionn Entry into capital of physical or corporate bodies of private interestLIST OF COMPANIES TO BE PRIVATISEDForeign investments have adhered to privatisation programmes which started in early October 1990 by a first list of companies to be privatised.Operations progressed at a satisfactory rhythm with privatisation to putting in concession already made or certain companies.COMPANIES INTHE PRIVATISATION PROCESSSocial reasonSector of activitySocial capital (in millions FCFA)Share of State and public companiesCA by 31-12- 2011 (millions FCFA)NumberPrivatisation policyCDC Cameroon Development CorporationIndustrial agriculture (rubber, palm oil, banana)15 626100%22 5044 718Transfer of sectorSODECOTON- Cotton Development CompanyIndustrial agriculture(cot- ton, cotton oil)4 52959%87 0001 780Transfer of sharesSCDP- Cameroon Company of Petroleum ProductsHydrocarbon stocking6 00051%1954250Transfer of sharesCAMAIR-CO Cameroon Airlines CorporationAir transport----Transfer of sharesCAMTEL Cameroon TelecommunicationsFixed phone50 000100%50 5032 017Transfer of shares and concessionCAMTAINER- Transit and transport of containers company of CameroonTransit of container transport36070%45656Transfer of shares(Source CTDL)LES ATOUTS ECONOMIQUES DU CAMEROUN353

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