Ghana: Attijariwafa Bank to Acquire Majority Stake in Société Générale Ghana

Morocco’s Attijariwafa Bank has reached an agreement to acquire a majority stake in Société Générale Ghana.

The North African lender will purchase a significant portion from Société Générale Group, expanding its footprint in English-speaking Africa. Concurrently, Ghana’s Social Security and National Insurance Trust will also acquire a smaller stake in the Ghanaian bank. The transaction is contingent on receiving the necessary regulatory and stock market approvals.

Under the terms of the…