Holmarcom Finance Company said it is « in exclusive talks with BNP Paribas over a potential acquisition of the French bank’s 67% stake in BMCI. » Holmarcom has been a shareholder of the Moroccan lender for 30 years, while AtlantaSanad recently raised its holding to 8.44%. BNP Paribas issued the same confirmation in France.
If the deal goes through, Holmarcom would control more than 75% of BMCI.
The information was first revealed on Thursday, December 11, by Médias24.
The group’s finance division « has in recent years pursued a structured growth strategy focused on sustainable and long‑term development, with the aim of supporting the ongoing evolution of the Kingdom’s financial sector, » the statement said.
« These discussions are at a preliminary stage. We will communicate in due course if this project materializes, in accordance with current regulations, » the statement concluded.
Here are the full texts of the two press releases issued this Friday morning.
Holmarcom Finance Company:
« Information has been circulating in the market about discussions regarding an acquisition by the Holmarcom Group of BNP Paribas’ stake in BMCI.
« Holmarcom Finance Company confirms that it is in exclusive discussions with BNP Paribas with a view to acquiring its 67% stake in BMCI, in which the Holmarcom Group has been a shareholder for 30 years.
« Indeed, in recent years the Group’s finance division has pursued a structured growth strategy focused on sustainable and long‑term development, with the aim of supporting the ongoing evolution of the Kingdom’s financial sector.
« These discussions are at a preliminary stage. We will provide further communication in due course should this project materialize, in accordance with current regulations. »
BNP Paribas:
« Exclusive discussions with Holmarcom for the sale of BMCI in Morocco
BNP Paribas confirms that it is in exclusive discussions with the Holmarcom Group, a partner and shareholder of BMCI for 30 years, regarding the potential sale of its 67% stake in its Moroccan subsidiary, BMCI.
« These discussions are at a preliminary stage. BNP Paribas will provide further communication in due course should a project materialize, in accordance with applicable regulations.
« If the transaction were to be completed in 2026, the positive impact on BNP Paribas’ CET1 ratio upon completion would be approximately +15 bps. »
