Industry News

IFC takes $190 mln stake in Moroccan bank BCP

August 17, 2012 Comments Off on IFC takes $190 mln stake in Moroccan bank BCP

August 17, 2012, 3:10 pm

RABAT (Reuters) – Banque Centrale Populaire, Morocco’s second-biggest lender by market value and which needs funds for an expansion plan, is to sell a 5 percent stake to the International Finance Corporation for 1.74 billion dirhams.
BCP said on Friday the deal value…

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