Assurances du Crédit Mutuel (BFCM) divests its holdings in Royale Marocaine d’Assurance
The French financial institution is selling off an initial interest in a company affiliated with BMCE Bank of Africa and reviewing its investment horizon in the bank controlled by Othman Benjelloun, in the wake of strategy-related disagreements.
11/09/2020 at 18h04, by Africa Business+
Groupe des Assurances du Crédit Mutuel (GACM), a subsidiary of Banque Fédérative du Crédit Mutuel (BFCM), said that it has disposed of a 22% interest in Royale Marocaine d’Assurance (RMA).
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