Banque Populaire and Bank of Africa decline to participate in the capital increase of Banca UBAE

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.jeuneafriquebusinessplus.com/en/807760/banque-populaire-and-bank-of-africa-decline-to-participate-in-the-capital-increase-of-banca-ubae/

30/04/2021 at 15h46, by Jeune Afrique Business+

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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