Attijariwafa Bank to Acquire Majority Stake in Société Générale Ghana

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

SocGen Sells Ghana Unit to Attijariwafa in Africa Pullback

Societe Generale SA has agreed to sell its stake in its Ghana unit to Attijariwafa Bank and the country’s state pension fund.

Société Générale sells 60.22% Ghana stake to Attijariwafa Bank, SSNIT

Société Générale Group has agreed to sell its 60.22% stake in its Ghana unit to Attijariwafa Bank and the country’s state pension fund.

Moroccan Attijariwafa Bank Expands Footprint in Africa with Acquisition of 55.22% of Société Générale Ghana – The North Africa Post

French Société Générale Group has agreed to sell its entire 60.22% stake in Société Générale Ghana, with Attijariwafa Bank taking 55.22% and the Social Security and National Insurance Trust (SSNIT) acquiring the remaining 5%, according to press reports. The deal, announced on October 1, is subject to regulatory approvals and other customary conditions. Once completed, […]