(Business in Cameroon) - The Morrocan Banque Centrale Populaire (BCP) could acquire many subsidiaries of the French group Banque populaire-Caisse d’épargne (Bpce) in Africa such as the Banque internationale du Cameroon pour l’épargne et le crédit (Bicec). This was revealed by Kamal Mokdad, director of international affairs at BCP, according to statements reported by Jeune Afrique.

Let’s note that Bpce is one of BCP’s shareholders (4.5%). In addition, it has also sold its subsidiaries in Mauritius and Madagascar Banque des Mascareignes. Therefore, the deal should certainly lead to a shareholding deal.

It should be reminded that Bpce’s portfolio in Africa is constituted of Bicec in Cameroon, Banque tuniso-koweïtienne (BKB) in Tunisia and Banque commerciale internationale (BCI) in Congo and the French group owns 68.5%, 60% and 100% in those respective subsidiaries.

S.A