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Investment: Coris Holding to acquire 59.81% of shares in Banco Comercial do Atlântico

18/03/2024
Categories: Companies

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Coris Holding announces the acquisition of 59.81% of shares in the capital of the Cape Verdean bank Banco Comercial do Atlântico. This takeover, which has yet to be approved by the competent regulatory authorities, will result in the Portuguese government exiting the capital of Banco Comercial

do Atlântico.

The bank founded by Burkinabe Idrissa Nassa will set up shop in Cape Verde for the first time, which will strengthen its presence in Africa. The West African financial group Coris Holding has been selected to acquire the shares of the Portuguese government (59.81%) in the capital of the Cape Verdean bank Banco Commercial do Atlantico. The information was disclosed by the bank itself, which will welcome Coris in its round of financing as a new shareholder

.

This acquisition in Cape Verde comes 2 months after the completion of the acquisition process by Coris of the Société Générale subsidiary in Chad. In the coming months, the Burkinabe bank could also finalize the acquisition of the “retail banking” portfolio of Standard Chartered Bank

in Côte d'Ivoire.
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