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Banking sector: Vista Group Holding finalizes the acquisition of Banco Société Générale Moçambique SA

09/08/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Vista Group Holding announced that it had succeeded in expanding its presence in Africa by financing the acquisition of 100% of Banco Société Générale Moçambique.

Banco Société Générale Moçambique, which currently has eight (08) branches, will be renamed Vista Bank Moçambique. The acquisition of Banco Société Générale Moçambique represents an important step in the Vista Bank Group's journey towards its goal of becoming a world-class pan-African financial services group, with operations in 25 countries by 2026. According to Simon Tiemtore, President of Vista Group Holding, “this new acquisition allows the Group to increase its support and impact on economic growth and financial inclusion in Africa. With this operation, we now operate in five countries: Burkina Faso, the Gambia, the Republic of Guinea (Conakry), Mozambique and Sierra

Leone.”

A noté que le Vista Group is a financial services holding company whose objective is to become a world-class pan-African financial institution and to participate in economic and financial inclusion by Africa.

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