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New Deal


Announced

Coris Bank International to acquire the Ivory Coast business of StanChart.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Banks

Majority

Côte d'Ivoire

bank holding company

Cross Border

Acquisition

Private

Pending

Friendly

Single Bidder

Synopsis

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Coris Bank International, a commercial banking company, agreed to acquire the Ivory Coast business of StanChart, a British multinational bank. Financial terms were not disclosed. "This agreement marks a milestone in Standard Chartered’s journey in the AME region towards streamlining the business and providing further impetus to our delivery of best-in-class services and expertise to our clients," Sunil Kaushal, Standard Chartered Africa and the Middle East CEO.

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