Casino Exits Cameroon Wholesale Business, Handing BAO Cash & Carry to Local Investor

Nearly seven years after entering Cameroon’s wholesale distribution market, French retail group Casino has completed its exit from 3C Cameroun SASU, the company that operates the BAO Cash & Carry brand. According to corporate documents reviewed by Business in Cameroon, ExtenC SAS, Casino’s international development subsidiary, sold its entire stake in the company to 2S Retail SARL, which now becomes the sole shareholder. The transaction received approval on January 16, 2026, and was formally executed before a notary on February 13. It also resulted in the appointment of Wilson Jonte as chairman and amendments to the company’s bylaws. The legal formalities follow Casino’s earlier announcement that the sale of 3C Cameroun had taken effect on December 31, 2025. Financial terms were not disclosed. The deal involves a company with share capital of CFA2.47 billion and a network of seven stores, making it one of the most significant recent transactions in Cameroon’s modern retail sector. An Exit From a More Challenging Market Than Expected BAO Cash & Carry entered Cameroon in March 2018 with the opening of its first warehouse-style store in Douala, the brand’s first operation in ...
2026-06-23 10:37:33