At the Council of Ministers on 29 April 2021, the Gabonese government decided to withdraw from the shareholding of the three companies: the International Bank for Gabon Industry (BICIG), the Gabonese Banking Union (UGB) and Gabon Télécom. State assets are transferred to the Sovereign Fund of the Gabonese Republic (FSRG), which is managed exclusively by the Gabonese Strategic Investments Fund (FGIS).

The Gabonese government indicated that these decisions are part of “the dynamic of the proactive management of State investments in the mining and non-oil sectors as well as in the liquidation of certain State financial instruments.” This is in accordance with the provisions of the law on the organization of State supervision over public establishments, state-owned companies, mixed economy companies and companies with public financial participation.
The State is selling 41% of the shares it held in BICIG, shares purchased after the departure of BNP Paribas in 2018. As for UGB, a subsidiary of the Moroccan group Attijariwafa Bank since 2009, the State withdraws 26.09% of the capital while the Moroccan side surrounded by micro-shareholders remains the majority with 58.7%.