AFG acquires Société Générale Guinea: FINACTU achieves a new success in banking advisory

The FINACTU Group announces the success of its exclusive advisory mandate to the AFG Group, a major player in the African financial sector, for the acquisition of Société Générale Guinea. This strategic transaction allows AFG to take control of a leading bank in the Guinean market, with over 100,000 clients and, as of the end of 2024, a total balance sheet of around 950 million euros, equity of 161 million euros, client resources of 744 million euros, and a loan portfolio of 357 million euros. For Léon Konan Koffi, Chairman of the Board of Directors of AFG Holding, this operation illustrates the group’s desire to build an African banking champion serving the economies of the continent, by betting on the growth potential of Guinea. Géraldine Mermoux, Managing Director of FINACTU, and Denis Chemillier-Gendreau, President, emphasize the symbolic nature of this acquisition, which confirms AFG’s pan-African ambitions and its positioning as an alternative to the gradual withdrawal of certain European banking groups from Africa. They recall having already supported AFG in the acquisition of three BNP Paribas subsidiaries in 2019-2020 and are pleased to contribute to a new stage of its expansion. Lossani Zina, Associate Director of FINACTU, also praises an operation that accelerates the development trajectory of the AFG Group and strengthens the consolidation dynamics of the banking sector in West Africa.