Societe Generale exits Ghana, sells stake to Attijariwafa Bank and SSNIT
Societe Generale Group has signed an agreement with Attijariwafa Bank, a Pan-African banking group, for the sale of its subsidiary, Societe Generale Ghana. Under the agreement, Societe Generale Group will divest its entire 60.22% stake in Societe Generale Ghana. Attijariwafa Bank will acquire a 55.22% stake in the Ghanaian bank, while the Social Security and […]
Societe Generale Group has concluded a deal to sell its 60.22% stake in Societe Generale Ghana to Attijariwafa Bank, a leading Pan-African banking institution. In exchange, Attijariwafa Bank will assume control of the Ghanaian subsidiary, including its clients and employees. The Social Security and National Insurance Trust (SSNIT) is also set to acquire a 5% stake in the bank.
The transaction requires approval from financial and regulatory authorities, and remains subject to agreed upon conditions. Societe Generale Group will exit its ownership position in the Ghanaian bank, making way for the new strategic shareholder.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
