IFLR1000

Mamda and MCMA $245 million acquisition of 4.75% stake in Banque Centrale Populaire (BCP)

15/6/2017
Public acquisition
Select tab

$ 245 million

Announced

15/6/2017

Overview:

  • Mamda, La Mutuelle agricole marocaine d'assurances, and MCMA, La Mutuelle centrale marocaine d'assurances, have acquired a 4.75% stake in Banque Centrale Populaire (BCP Group) for $245.5 million from IFC, member of the World Bank Group. 
  • BCP is Morocco's second biggest lender.
  • The IFC bought its stake in the bank back in 2012.

Katrin Kostadinova - Data analyst

Jurisdiction:

Morocco

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Morocco

Industry sector:

Banking

Firm:
Clifford Chance

Party: IFC (Seller)

Lawyer: Mustapha Mourahib

Related deals