Vista Group to acquire two subsidiaries of French Bank, Societe Generale

Societe Generale has signed two agreements with Vista Group to acquire Societe Generale group’s shares in its local African subsidiaries: Societe Generale Burkina Faso and Banco Societe Generale Moçambique, currently owned at 52.6 percent and 65 percent respectively.

According to the commitments made, the Vista Group would take over all activities operated by these subsidiaries, as well as all Societe Generale’s client portfolios and all employees within these entities.

Vista Group has announced that it has agreed to acquire Societe Generale group’s shares in its local African subsidiaries – Societe Generale Burkina Faso and Banco Societe Generale Moçambique, currently owned at 52.6 percent and 65 percent respectively.

Source: Tribune