Sale of new African subsidiaries of Société Générale: a possible confirmation of its withdrawal from the continent : Orishas-finance

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Sale of new African subsidiaries of Société Générale: a possible confirmation of its withdrawal from the continent

06/05/2024

Source : ORISHAS-FINANCE

Categories: Companies

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Sale of new African subsidiaries of Société Générale: a possible confirmation of its withdrawal from the continent

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The bank Société Générale (SG) is said to have put three of its African subsidiaries up for sale, although its results were down in the first quarter. The withdrawal of this French group from the African continent seems to be confirmed.

According to information, the French bank has hired Lazard Bank to sell its subsidiaries in Cameroon, Tunisia and Ghana. Sales started last year, even before the new road map was formalized, with departures from Congo and Chad, before continuing with the announcement of several other sales. In Morocco, the French bank has reached an agreement with the Saham group, led by former minister Moulay

Hafid Elqualamy.

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