The African financial services institution is set to acquire all of Société Générale’s shares in both banks, which amounts to 57.2% in Société Générale de Banques and 92.5% in Société Générale Congo. Vista will also be taking the reins of all Société Générale operations in Equatorial Guinea and Congo.
“Our agreements to acquire Société Générale’s 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’s aim to support African economic growth » said Vista chairman Simon Tiemtore in a statement.
