In its hurry to leave the continent, BPCE misses a good deal with BTK
Morocco’s Banque Centrale Populaire (BCP), which hoped to buy back the shares held by BPCE, received a rejection in mid-December from the Tunisian authorities, who prefer to take over the 60% stake themselves and find the strategic partner of their choice.
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▪ In its hurry to leave the continent, BPCE misses a good deal with BTK
▪ Morocco’s Banque Centrale Populaire (BCP), which hoped to buy back the shares held by BPCE, received a rejection in mid-December from the Tunisian authorities, who prefer to take over the 60% stake themselves and find the strategic partner of their choice.
▪ https://www.africabusinessplus.com/en/801667/presse-de-quitter-le-continent-bpce-manque-sa-bonne-affaire-sur-btk/
“This is bad news for BPCE because it had to make concessions in terms of the valuation to avoid being taken hostage and close its exit from the continent before the end of the accounting year,” a source has revealed to Jeune Afrique Business+.
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