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Strengthening financial partnership: BICIS joins the SUNU Group on 28 April 2023

05/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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A press release mentions that the SUNU Group has acquired 54.11% of the share capital of the International Bank for Trade and Industry of Senegal (Bicis). An operation that was finalized on April 28, 2023, the date on which BICIS joined the SUNU Group.

An acquisition agreement was signed on 28 July 2022 with the BNP Paribas Group and all R&D approvals and procedures Eacute; glemental has been obtained. Following its findings SUNU Group acquired 54.11% of the share capital of the International Bank for Trade and Industry of Senegal (Bicis). BICIS will thus consolidate its development with a range of financial services reinforced by the expertise of the SUNU Group with a strong foothold in the field of bankinsurance in sub-Saharan

Africa.

According to Mohamed Bah, CEO of the SUNU Group, “the primary objective is to offer comprehensive financial solutions with a network of banks and insurance companies closer to businesses and communities. BICIS will be the linchpin for the deployment of this longstanding strategic ambition, in Senegal and in the sub-region

.”
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