Aradei Capital to acquire Cleo Pierre from BMCI.

Aradei Capital, a Moroccan commercial real estate company, agreed to acquire Cleo Pierre, a firm providing banking services, from BMCI, a bank operator. Financial terms were not disclosed. “The decision of BMCI to contribute part of its operating park to “CLEO PIERRE SPI-RFA” aims to support BMCI in its future development plan for both Retail and Corporate activities, but also to contribute to a global strategy for launching OPCIs in Morocco," Idriss Bensmail, BMCI Member of the Management Board and Deputy Managing Director.