Groupe Holmarcom completed the acquisition of 78.7% of stake in Crédit du Maroc S.A. from Crédit Agricole S.A..
Hicham Naciri and Ralph Salameh of Allen & Overy LLP acted as legal advisor to Groupe Holmarcom. Jean-Gabriel Flandrois, simon Auquier, Chloé Joachim de la Rivière, Farah El-Bsat and Ségolène Pelsy acted as legal advisor to Crédit Agricole S.A.
Groupe Holmarcom completed the acquisition of 78.7% of stake in Crédit du Maroc S.A. (CBSE:CDM) from Crédit Agricole S.A. (ENXTPA:ACA) on June 7, 2024. After selling a first tranche of 63.7% in December 2022, Crédit Agricole S.A. has today sold the second remaining tranche of 15%. This transaction takes place after regulatory approvals have been obtained and Crédit du Maroc's autonomisation process has been finalised, in accordance with the announced schedule.