“Banque Populaire” not belonging to the State anymore

“Banque Populaire” not belonging to the State anymore

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The Moroccan state continues its “withdrawal” from “La Banque Centrale Populaire” (BCP).

L’Economiste reported that the stake held by the Moroccan state should be transferred to “La Banque populaire ├ęgionale” (PPR).

BPR is expected to conclude the acquisition of the 6% remaining shares held by the State pretty soon.

The course of the “Banque Populaire” in the Casablanca Stock Exchange has been suspended, which supports the the claims.

The Moroccan Times