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Announced

Completed

Holmarcom Group completed the acquisition of a 78.7% stake in Credit du Maroc from Credit Agricole.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For79%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private

Majority

Acquisition

Single Bidder

Morocco

Friendly

Banks

banking

Completed

Synopsis

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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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