Banque Centrale Populaire (CBSE:BCP) made an offer to acquire 71% stake in Banque Malgache De L'Ocean Indien S.A. from BPCE International et Outre-Mer SA on September 28, 2018. All the regulatory approvals have been obtained. Hicham Naciri and Omar Zizi of Naciri & Associés Allen & Overy acted as legal advisors to Banque Centrale Populaire (CBSE:BCP).