CGRAE terminates agreement to sell stake in Oragroup to SBNA West Africa
The Ivorian pension fund has put an end to its contract to vend its 9% stake in the West African banking group to the joint venture controlled by SouthBridge Investments (SBI) and New African Capital Partners (NACP).
Someone shares this article with you
▪ CGRAE terminates agreement to sell stake in Oragroup to SBNA West Africa
▪ The Ivorian pension fund has put an end to its contract to vend its 9% stake in the West African banking group to the joint venture controlled by SouthBridge Investments (SBI) and New African Capital Partners (NACP).
▪ https://www.africabusinessplus.com/en/813093/cgrae-terminates-agreement-to-sell-stake-in-oragroup-to-sbna-west-africa/
In a letter dated September 2, 2022 of which we have a copy, the Social Security Institution (IPS) General Fund of Retirement of State Employees (CGRAE) has notified the management of SBNA West Africa, led by Charles Kie, the “denunciation of the protocol with SBNA WA and SBNA Holding SA”.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Bank
21/12/2022 at 17h45, by Africa Business+
Oragroup: external growth and internal process improvements on 2023 menu
Under the leadership of Ferdinand Ngon since 2019, Oragroup is awaiting the finalisation of its takeover...
Bank & Insurance
16/12/2022 at 17h12, by Africa Business+
Ferdinand Ngon Kemoum’s teams secure Oragroup’s portfolio with AGF and GuarantCo
At the end of the year, the pan-African banking institution successfully negotiated two portfolio guarantees...
Commercial banking
18/10/2022 at 08h13, by Africa Business+
Simon Tiemtoré’s Lilium Capital to take control of Oragroup
According to Africa Business+ sources, the American-Burkinabè financier and lawyer, head of the Vista...
Bank
01/09/2022 at 17h01, by Africa Business+
Oragroup : ongoing block trade raises questions about future valuation of full divestment
The block trade transaction underway for the purchase by SBNA West Africa of 6,100,481 shares of IPS-CGRAE...
Bank
24/08/2022 at 16h42, by Africa Business+, updated 26/08/2022
Oragroup : Vista Bank, Mansa Bank-SBNA and Access Bank still in the running, but Coris Bank loses interest
Africa Business+ reveals the rationale of the entities of Simon Tiemtoré, El-Hassana Kaba-Charles Kie...
Bank
14/04/2022 at 18h49, by Africa Business+, updated 16/04/2022
Oragroup: Côte d’Ivoire’s CNPS courted by Mansa Bank-SBNA consortium
El-Hassana Kaba’s Mansa Bank of Côte d’Ivoire – CFAF 125 billion in total assets in 2020 –joined forces...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.