On March 10, the Board of Directors of Attijariwafa Bank (AWB) authorized the merger operation by absorption by Borj Attijari by the Attijariwafa Bank.
This company, the banking group explains, is part of the Testament of Attijariwafa Bank to simplify and optimize the organization of its real estate center by absorbing its Borj Attijari subsidiary, who holds 100%. It should be completed in 2025. The operation is still subject to the knowledge of certain precedents, mainly the acquisition of permits from the responsible authorities for the purpose of carrying out the operation. The banking group also emphasizes that this merger will not lead to the increase in AWB’s share capital as long as the bank keeps all social rights in the entire capital of Borj Attijari.
EMG
