Bicici: BNI’s Youssouf Fadiga seeks advisor for takeover bid
Africa Business+ learned yesterday from several sources that the National Investment Bank (BNI) is preparing an offer to take over the International Bank for Trade and Industry of Côte d’Ivoire (Bicici), a subsidiary of the French group BNP Paribas.
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▪ Bicici: BNI’s Youssouf Fadiga seeks advisor for takeover bid
▪ Africa Business+ learned yesterday from several sources that the National Investment Bank (BNI) is preparing an offer to take over the International Bank for Trade and Industry of Côte d’Ivoire (Bicici), a subsidiary of the French group BNP Paribas.
▪ https://www.africabusinessplus.com/en/811703/bicici-bnis-youssouf-fadiga-seeks-advisor-for-takeover-bid/
President Alassane Ouattara and his Prime Minister Patrick Achi (his former secretary-general) are personally following the case within the government. The Côte d’Ivoire head of state has long wanted to see the development of a robust Ivorian bank, capable of regional influence, following the example of Moroccan establishments. This is all the truer given that the takeover of Oragroup by the Côte d’Ivoire bank IPS-CGRAE has been blocked since late 2020.
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