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134th ordinary session of the BOAD Board of Directors: the institution disburses 25 billion FCFA to Vista Holding

28/04/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Lors de la 134e session ordinaire du conseil d' Administration de The Banque ouest-africaine de développement (BOAD Old Style”, "serif">) held on March 27 in Lomé, it was said that Boad granted funding of 25 billion FCFA (41 million euros) to Vista holding. Boad entered the game “at the last minute”, following intense lobbying, to “boost” the rescue operation, which, according to information, was “masked up in dots

”.

In difficulty, Vista holding is looking for financial health to relaunch itself on the financial market. In reality, its reputation has been tarnished, due to “silly” financial arrangements, which were put on the markets a few years ago. Vista was still borrowing on the market to complete the transaction. According to credible sources, that Oragroup's stock is only falling daily. From 4100 FCFA per share, it oscillated a few days ago to 2600 francs or below. In fact, this acquisition operation, which looks like an extreme rescue operation, explains the long and painstaking negotiations between the two parties in recent months. Information from Confidential Africa maintains that former members of the Orabank group have migrated to Vista to work there. Before starting this takeover operation

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