BY NKECHI NAECHE-ESEZOBOR–SUNU Group has sold its 19.11% stake in Banque Internationale pour le Commerce et l’Industrie de la Côte d’Ivoire (BICICI) to the investment firm Brandon & Mcain Capital.
Following the conclusion of this sale
agreement, the SUNU Group, which held
19.11% of BICICI’s capital, is stepping
down after more than 20 years as a
shareholder of the lvorian bank.
According to statement posted on its website
“This transaction, which is in line with the
SUNU Group’s strategy and President
Papa Pathé DIONE’s vision of creating our
Own banking business, will enable SUNU
Bank to be established in Côte d’lvoire by
2025″ said Mr Mohamed BAH, CE0 of
SUNU Group.
Having played an active part in the
development of BICICI, the SUNU Group
is delighted with this sale to a group of
Ivorian investors, Brandon & Mcain
Capital.
