Bank: UMOA Banking Commission validates acquisition of Société Générale Burkina Faso by Vista Bank

The UMOA Banking Commission has officially validated the acquisition of Société Générale Burkina Faso (SGBF) by the Vista Group, thus marking the conclusion of the regulatory process. This decision allows the completion of the transaction announced in December 2023, when the French banking group had concluded an agreement with the consortium led by the Burkinabe businessman Simon Tiemtoré. Details of the operation The initial agreement concerned…