A man is seen in silhouette as he walks behind the logo of BNP Paribas in a building in Issy-les-Moulineaux, near Paris, France, April 5, 2017. REUTERS / Gonzalo Fuentes
French bank BNP Paribas announced on Tuesday (April 24th) its intention to sell its stakes in its retail banks in Tunisia and Gabon, in order to divest itself of certain non-strategic assets.
The bank said it had announced to the board of directors of the Tunisian Bank for Trade and Industry, since January, to be looking for a buyer to sell its 50.1% stake in the bank Retail.
BNP Paribas has also announced its intention to sell its 47% stake in its bank in Gabon, but plans to strengthen in other markets such as South Africa, Morocco, Algeria and Côte d’Ivoire.
The group also said that “its presence in Africa is totally part of its international strategy and does not plan to withdraw from the continent”. In the same vein, BNP Paribas recently separated from its stakes in a bank in Hawaii and in an insurance company in India.
