Liberia

The Liberian Investigator has confirmed that the Socfin Group has sold the Salala Rubber plantation to Jeety Rubber following weeks of violent protests at the company’s facilities and years of serious criticism from Green Advocates and international rights groups for reportedly causing significant harm to local communities, including land grabbing, environmental degradation, and human rights abuses.

The CSSF has put an end to a year-long dispute between small shareholders and Socfin's main shareholders, the Fabri family and French billionaire Vincent Bolloré: the 689,337 shares they not control between them will be bought back at €32.50 per share. This will take Socfin off the stock market at a time when it is the target of fierce criticism from a major Norwegian pension fund. It was also the end of an era for the Luxembourg Stock Exchange.

La CSSF a mis fin à un an de «différends» entre de petits actionnaires et les principaux actionnaires de la Socfin, les Fabri et le milliardaire français Vincent Bolloré: les 689.337 actions qui leur manquent seront rachetées à 32,5 euros l’action. De quoi retirer la Socfin de la cotation au moment où elle est la cible de critiques virulentes du fonds de pension norvégien. La fin d’une époque, aussi, pour la Bourse de Luxembourg.

Golden Veroleum Liberia is not being held accountable for defying a ruling issued six years ago by the Roundtable on Sustainable Palm Oil against the company for land grabbing.

Twenty organisations and allies of communities affected by the Socfin group’s oil palm and rubber plantations express their dissatisfaction with the Norges Bank Investment Management's decision not to divest from Bolloré SE and Compagnie de l’Odet SE

Two prominent union leaders who were not present when the Salala Rubber Corporation buildings were set on fire have been jailed as retaliation for their efforts to negotiate a collective bargaining agreement for the plantation’s contract workers.

Longstanding grievances of workers at the Salala Rubber Coporation came to a head on 27 June 2024 when a violent protest broke out, leading to the destruction of housing and administration facilities. The plantation is now closed until further notice.

Earthworm investigators told Mongabay they were shocked by some of their findings of sexual harassment and gender-based violence on Socfin's plantations. "If they don’t make progress on these issues, we would stop working with them, as that’s our mission as a foundation.”

The alleged plan for the sale of the Salala Rubber Corporation (SRC) by its parent company Socfin, has raised concerns among civil society organizations and communities affected by the operations of the company amid the ongoing lawsuit for forcefully taking local community land to extend their rubber plantations.

Des organisations de la société civile libérienne, ouest-africaine et internationale, ainsi que des individus et communautés locales, sont alarmés par la nouvelle selon laquelle le géant d'hévéas Socfin cherche à céder ses parts dans la Salala Rubber Corporation sans d'abord régler ses dettes sociales, environnementales, culturelles, financières et économiques à l'égard des communautés affectées

Liberian, West African and international civil society organizations, communities and individuals are alarmed by news that SRC’s parent company, Socfin, is seeking to divest its shares in SRC without first settling its social, environmental, cultural, financial, and economic debts to affected communities.

Les sociétés de crédit carbone expulsent des communautés à travers l’Afrique.