Tag Archives: Diamond Bank Pulls Out N22bn Investment In Francophone W/African Countries

November, 2017

• 4 November

  Diamond Bank Sells off Operations in W/African Countries

  

  Diamond Bank Plc has agreed to sell its operations in Benin, Togo, Cote d’Ivoire and Senegal to Manzi Finances S.A., a Cote d’Ivoire-based financial services holding company. The bank announced plans to divest its Francophone West African business to Manzi Finances S.A for €61million. Regulatory approvals have been obtained in all jurisdictions for the transaction, which is anticipated to close ...

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