2023-12-07 07:24:11
Société Générale signs agreements for the sale of two subsidiaries in Africa to the Vista Group – Société Générale
Société Générale has signed two agreements with the Vista Group which provide for the total sale of the group’s shares in its local African subsidiaries: Societe Generale Burkina Faso et Banco Société Générale Moçambique, currently held at 52.6% and 65% respectively. According to the commitments made, the Vista Group would take over all of the activities operated by these subsidiaries, as well as the entire customer portfolios and all of the employees of these entities.
The completion of each of these operations, which might take place in 2024, is subject to the approval of the entities’ governance bodies, the usual conditions precedent as well as the validation of the competent financial and regulatory authorities.
Contacts presse :
Jean-Baptiste Froville_+33 1 58 98 68 00_ [email protected]
Amandine Grison_+33 1 41 45 92 40_ [email protected]
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