Announced
Completed
Financials
Tags
Cross Border
Private
Majority
Acquisition
Single Bidder
Morocco
Friendly
Banks
banking
Completed
Synopsis
Holmarcom Group, a business conglomerate, completed the acquisition of a 78.7% stake in Credit du Maroc, a bank, from Credit Agricole, a financial services company. Financial terms were not disclosed. Holmarcom has bought stakes in Credit du Maroc, in a move to strengthen its foothold in the finance and insurance business.
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