Thursday, 8 August 2013

Discover the new Madagascar Special Report: Crédit Agricole’s tough time selling BNI

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The Indian Ocean Newsletter Discover the new
MADAGASCAR SPECIAL REPORT
of The Indian Ocean Newsletter
POLITICS & POWER
BUSINESS CIRCLES WHO'S WHO COMPANIES INSIDERS SERIES
Crédit Agricole’s tough time selling BNI
Madagascar: Crédit Agricole's tough time selling BNI
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Published on 31/07/2013 - The French bank has been trying to sell its stake in BNI Madagascar for some time. It thought it had found a solution when it signed an agreement to sell to Indian Ocean Holdings Ltd (IOFH), a consortium consisting of Bank One, Ciel Investment Ltd and Hassanein Hiridjee, a French businessman resident in Madagascar. But this deal hit upon resistance from the Malagasy State, which has still not approved the (...) Read more
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