Carte Group to acqure a 39% stake in UBCI from BNP Paribas for $64m.

Carte Group, a Tunisian insurance group, agreed to acqure a 39% stake in UBCI, a Tunisian subsidiary of BNP Paribas, for $64m. This transaction is part of a divestment strategy by BNP Paribas of Africa. It will enable UBCI to consolidate its development with an expanded client base and a range of financial products enhanced by the expertise of the Carte Group.