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Vista Group buys Chad bank in Central Africa push
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2 Articles
Vista Group buys Chad bank in Central Africa push
Simon Tiemtoré's Vista Group has received regulatory approval to acquire a majority stake in Chad's Banque agricole et commerciale, a deal that marks the Burkina Faso-led banking group's first move into Central Africa and continues one of the more ambitious expansion pushes in African financial services.Chad's finance ministry confirmed the approval. The number of shares changing hands and the financial terms of the transaction were not disclose…
The Ministry of Finance, Budget, Economy, Planning and International Cooperation of Chad announces that the acquisition of the majority of the capital of the Agricultural and Commercial Bank (LAC) by Vista Group Holding has received all the required regulatory authorizations within the Economic and Monetary Community of Central Africa. This validation by the supervisory authorities enshrines the outcome of the regulatory process and paves the wa…
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