The North Africa Journal: Attijariwafa Bank Takes over Crédit Agricole’s Operations in Africa 

Attijariwafa Bank Takes over Crédit Agricole’s Operations in Africa
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Arezki Daoud on 29 November, 2008 04:55:00
 
AWB has acquired five banks in the continent, expanding its branch network to
1,000 offices. In this latest wave of acquisitions, the bank took control of the
African branch network owned by France’s Crédit Agricole. Attijariwafa spent
MAD 2.8 billion in this transaction. Additionally, it divested from Crédit du
Maroc but upped its stake in Crédit Agricole, through its subsidiary Wafasalaf.
Regulatory approval is underway and is expected to be finalized without problems
in early 2009. Continue here.