BNP Paribas in Talks to Sell Its Stake in Moroccan Bank BMCI

By Aimee Look

BNP Paribas said it has begun exclusive talks with Holmarcom Group to potentially sell its stake in Moroccan subsidiary BMCI.

The French financial services group said Friday that it was in discussions to sell its 67% stake in BMCI to Holmarcom, which already is a shareholder in the Moroccan bank.

The talks are in preliminary stages, and if the transaction moves forwards, further details will be disclosed, the company said.

If completed in 2026, the divestment would have a 15 basis-point positive impact on BNP Paribas' common equity Tier 1 ratio, it said.

Write to Aimee Look at [e-mail]

(END) Dow Jones Newswires

12-12-25 0135ET