Societe Generale announced the conclusion of agreements with 2 African banking groups to sell 4 of its subsidiaries: 2 will be in Congo and Equatorial Guinea at the Vista group, the others in Mauritania and Chad at the Coris group. Societe Generale, which has a long-standing presence in Africa, intends to concentrate its resources on markets where it can position itself among the leading banks, in synergy with the group’s other businesses. These operations could be carried out by the end of the year and provide for the total sale of the group’s shares in its local African subsidiaries.
Source : Africa News
