Banque Populaire and Bank of Africa decline to participate in the capital increase of Banca UBAE
After closing the transaction of €81 million, the two Moroccan financial institutions see their stakes diluted in the Libyan bank entity established in Italy.
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▪ Banque Populaire and Bank of Africa decline to participate in the capital increase of Banca UBAE
▪ After closing the transaction of €81 million, the two Moroccan financial institutions see their stakes diluted in the Libyan bank entity established in Italy.
▪ https://www.africabusinessplus.com/en/807760/banque-populaire-and-bank-of-africa-decline-to-participate-in-the-capital-increase-of-banca-ubae/
At the start of 2020, the Banque Centrale Populaire (BCP) held 4.66% of the share capital of “before it was diluted to 2.85% in March of the same year”.
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