Bank & Insurance
Assurances du Crédit Mutuel (BFCM) divests its holdings in Royale Marocaine d’Assurance

Assurances du Crédit Mutuel (BFCM) divests its holdings in Royale Marocaine d’Assurance

The French financial institution is selling off an initial interest in a company affiliated with BMCE Bank of Africa and reviewing its investment horizon in the bank controlled by Othman Benjelloun, in the wake of strategy-related disagreements.

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            ▪ Assurances du Crédit Mutuel (BFCM) divests its holdings in Royale Marocaine d’Assurance

▪ The French financial institution is selling off an initial interest in a company affiliated with BMCE Bank of Africa and reviewing its investment horizon in the bank controlled by Othman Benjelloun, in the wake of strategy-related disagreements.

http://www.jeuneafriquebusinessplus.com/en/805421/assurances-du-credit-mutuel-bfcm-divests-its-holdings-in-royale-marocaine-dassurance/

11/09/2020 at 20h04, by Jeune Afrique Business+, updated 14/09/2020

Groupe des Assurances du Crédit Mutuel (GACM), a subsidiary of  Banque Fédérative du Crédit Mutuel (BFCM), said that it has disposed of a 22% interest in Royale Marocaine d’Assurance (RMA).

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