Stout served as exclusive financial advisor to Criterion Africa Partners (CAP) and Compagnie des Bois du Gabon (CBG) in connection with CAP’s 49% stake sale of CBG to TotalEnergies.

CBG is a key player in Gabonese forestry, recognized for its responsible and sustainable management of 600,000 hectares of forest and for its ongoing contribution to protecting biodiversity, certified to the highest international standards of the Forest Stewardship Council (FSC).

The forest management model applied by the partners will make it possible to develop a new balance between the harvesting and local processing of sustainable wood combined with carbon storage and the production of related carbon credits thanks to the reduced impact of forest operations, reforestation, agroforestry, and the conservation of natural forests. This new model is in line with the country’s development strategy to sustainably manage its natural resources for the benefit of the population, as well as with Gabon’s climate policy.

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