Morocco's Holmarcom in talks to take control of local subsidiary of France's Credit Agricole - statement
Morocco's Holmarcom group said on Thursday it is negotiating the acquisition of all stakes owned by France's Credit Agricole SA in its Morocco branch Credit du Maroc.
The deal is part of efforts to develop the insurance business and Africa operations of the group, which also operates in agri-food, real estate and logistics, Holmarcom said in a statement.
"Talks are still at an early stage with no certainty regarding the outcome," it said.
ALSO READ
-
Africa’s Informal Workers Power Trade but Have Little Say in Rules Shaping Lives
-
Dora Moutot’s Conviction Sparks UN Expert’s Concern Over Women’s Safety and Free Speech
-
Morocco Secures €270 Million for Airport Upgrades as Passenger Demand Keeps Growing
-
From Cancer Care to Nuclear Careers, IAEA Conference Puts Global Progress in Focus
-
UN Experts Warn Children Reporting Sexual Abuse in France Still Face Risks in Court
Google News