{"id":477490,"date":"2023-06-08T11:43:20","date_gmt":"2023-06-08T11:43:20","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=477490"},"modified":"2023-06-08T11:43:28","modified_gmt":"2023-06-08T11:43:28","slug":"vista-group-announces-agreements-to-acquire-societe-generales-banks-in-congo-brazzaville-and-equatorial-guinea","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2023\/06\/08\/vista-group-announces-agreements-to-acquire-societe-generales-banks-in-congo-brazzaville-and-equatorial-guinea\/","title":{"rendered":"Vista Group announces agreements to acquire Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s Banks in Congo Brazzaville and Equatorial Guinea"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>\n<p class=\"wp-block-paragraph\">Vista Group today announces that it has agreed to acquire Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s banks of Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Congo (in Congo Brazzaville) and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale de Banques in Guin\u00e9e \u00c9quatoriale, which will further enlarge its existing sub-Saharan African footprint.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Simon Tiemtore, Chairman of Vista Group said: \u201cOur agreements to acquire Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s banks in Congo Brazzaville and Equatorial Guinea add two key Central African countries to our portfolio and represent key progress in our expansion strategy which is to become a pan-African financial services group with operations in 25 countries. This will also further Vista\u2019s aim to support African economic growth.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Vista Group, which is owned by Lilium Group, provides a full range of innovative and accessible banking services to everyone, especially women and SMEs, to drive financial inclusion, economic growth and prosperity in its countries of operation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After the completion of the transaction, Vista Group will acquire all of Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s shares in Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Congo and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale de Banques in Guin\u00e9e Equitoriale, 93.5% and 57.2% respectively. Consequently, Vista Group will be taking over all of the activities operated by Soci\u00e9t\u00e9 G\u00e9n\u00e9rale in those 2 markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The acquisition is subject to the approval of the relevant regulatory and financial authorities.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Vista Group today announces that it has agreed to acquire Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s banks of Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Congo (in Congo Brazzaville) and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale de Banques in Guin\u00e9e \u00c9quatoriale, which will further enlarge its existing sub-Saharan African footprint. Simon Tiemtore, Chairman of Vista Group said: \u201cOur agreements to acquire Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s banks in Congo Brazzaville and<\/p>\n","protected":false},"author":527180,"featured_media":477491,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12591,12046],"tags":[21160],"class_list":["post-477490","post","type-post","status-publish","format-aside","has-post-thumbnail","category-feature","category-leaders-en","tag-vista-group","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Vista Group announces agreements to acquire Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s Banks in Congo Brazzaville and Equatorial Guinea - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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