Crédit du Maroc: the Holmarcom group finalizes the acquisition of the whole stake of Crédit Agricole

The Holmarcom group has finalized the acquisition of the whole stake of Crédit Agricole SA within the capital of Crédit du Maroc.

“In accordance with the agreements concluded in December 2022, the Holmarcom group, by way of Holmarcom Finance Firm, acquired the second tranche of the stake held by Crédit Agricole SA in Crédit du Maroc, protecting 15% of the capital and rights vote of Crédit du Maroc”, signifies Crédit du Maroc in a press launch revealed on the web site of the Moroccan Capital Market Authority.

The acquisition was accomplished on June 7, 2024 following the lifting of all of the required regulatory situations precedent, provides the identical supply.

Because of the completion of this transaction, Crédit Agricole SA and Michel Le Masson resigned from their mandates as members of the Supervisory Board and Luc Beiso resigned from his mandate as member of the Administration Board.

“Below the management of the Holmarcom group, the financial institution goals to turn into a contemporary, modern and dedicated monetary operator serving residents and nationwide companies, for sustainable and accountable improvement,” the press launch stated.

LNT with COP