AfricInvest finalises its exit from the capital in Alios Finance in favour of the consortium led by Tunisia Leasing
Thursday, 24 September 2015 10:59
The investment firm AfricInvest announced on 21 September 2015 that it has finalised the divestiture process of its 59.3% share in the Pan-African leasing group Alios Finance.
The buyer is the consortium Tunisia Leasing Group Finance, which comprises the company Tunisia Leasing, the Tunisian bank Amen Bank, Proparco (subsidiary of the French Development Agency dedicated to the private sector), and two funds managed by the capital investor Social ResponsAbility.
The announcement was made on 22 October 2014, but the operation still required the approval of the central banks of the different countries where Alios has a presence. The departure of AfricInvest also implies that of Netherlands Development Finance Company (FMO), Finnish Development Finance Company (Finnfund), of the French insurance broker Gras Savoye and of the group Bank of Africa, subsidiary of the Moroccan BMCE Bank, which were stakeholders in the investment group, led by the AfricInvest Ltd Fund (23.01% shareholder).
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