Attijariwafa Bank to Acquire Majority Stake in Société Générale Ghana
14 Articles
14 Articles
French banking giant exits Ghana as North Africa’s largest banking group takes over in major deal
French banking giant Société Générale is exiting Ghana after agreeing to sell its entire 60.22% controlling stake in Société Générale Ghana to Morocco’s Attijariwafa Bank and Ghana’s Social Security and National Insurance Trust (SSNIT).
Attijariwafa Bank to acquire majority stake in Société Générale Ghana
Morocco’s Attijariwafa Bank has agreed to acquire a 55.22 percent stake in Société Générale Ghana, expanding the North African lender’s read more Attijariwafa Bank to acquire majority stake in Société Générale Ghana
Attijariwafa bank has signed an agreement on the sale by the Société Générale group of 60.22% of the capital of Societe Générale Ghana, of which 55.22% for the benefit of Attijariwafa bank and 5% of SSNIT, the Ghana Social Security Fund.
Attijariwafa bank is entering a new phase in its African expansion. The Moroccan banking group chaired by Mohamed El Kettani has concluded an agreement with Société Générale to take control of Société Générale Ghana, an operation that directly opens the doors to one of the main English-speaking banking markets in West Africa. The agreement announced on 1st January...
Societe Generale exits Ghana, sells stake to Attijariwafa Bank and SSNIT
Societe Generale Group has signed an agreement with Attijariwafa Bank, a Pan-African banking group, for the sale of its subsidiary, Societe Generale Ghana. Under the agreement, Societe Generale Group will divest its entire 60.22% stake in Societe Generale Ghana. Attijariwafa Bank will acquire a 55.22% stake in the Ghanaian bank, while the Social Security and […]
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