BNP Paribas In Talks To Sell Majority Stake In BMCI To Holmarcom Group
(RTTNews) - BNP Paribas (BNP.L, BNPQY.PK, BNP.PA, BNP.DE), a major French lender, announced that it has entered into exclusive discussions regarding the potential sale of its 67% stake in its Moroccan subsidiary, BMCI, to the Holmarcom Group, a long-standing partner and shareholder of BMCI for the past 30 years.
The talks remain at a preliminary stage. Should the project advance, BNP Paribas will provide further details in line with applicable regulatory requirements.
If finalized in 2026, the transaction is expected to have a positive impact on BNP Paribas' CET1 ratio, estimated at approximately +15 basis points at the time of completion.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.