SSNIT increases stake in Société Générale Ghana to 24.36%

SSNIT has increased its shareholding in Société Générale Ghana to 24.36%. This follows the acquisition of Société Générale Group’s 60.22% controlling stake, according to Starr FM.

The Société Générale Group has agreed to sell its majority stake in Société Générale Ghana to Attijariwafa Bank, a Moroccan international financial services group. Adom Online reports that Attijariwafa Bank is headquartered in Casablanca and was created through the merger of Banque Commerciale du Maroc and Wafabank.

The transaction will bring a new majority shareholder into Ghana’s banking sector. No further details on the transaction were provided by the reports.

Brief written by urgent.news from Starr FM, Adom Online — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.