Bosquet Investments Ltd. acquires a 21.22% stake in Ecobank from Nedbank Group Ltd.

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today confirmed the execution of a purchase agreement between Nedbank Group Ltd. and Bosquet Investments Ltd., the private investment vehicle of Alain Nkontchou, for the acquisition of a 21.22% stake in ETI. The transaction remains subject to regulatory approvals.

According to the Bank’s press release, uploaded on the NGX, Enko Capital Management LLP served as the lead advisor for the transaction, while Absa Bank Limited, through its Corporate and Investment Banking division, acted as co-financial advisor.

The sale follows Nedbank’s strategic decision to refocus on its core markets in Southern and Eastern Africa, where the Group owns and controls businesses.

Alain Nkontchou, Founder of Bosquet Investments Ltd., commenting on the transaction said:
“I am very pleased to have come thus far with the Ecobank Group, and I look forward to supporting the institution in advancing its strategic objectives of growth, transformation, and returns. I am confident that, together, we will seize the opportunities ahead and lead the organisation into a new era of sustained success.” 

Bosquet Investments Ltd. is the private investment vehicle of Alain Nkontchou. Alain has been a member of the Board of Directors of ETI since 2014 and served as ETI Chairman from 2020 to 2024.

He is also the Co-founder and Managing Partner of Enko Capital, an African-focused asset management group founded in 2008 with his brother, Cyrille Nkontchou. Enko Capital manages alternative and traditional investment funds across Africa, with assets under management of approximately US$1.2 billion.

Source: Nairametrics