BMCI Asset Management is looking for a buyer

The subsidiary of the BMCI group was recently the subject of a restricted call for tenders for its possible sale.

Ph. MEDIAS24

January 18, 2023 at 5:34 p.m.

Modified January 18, 2023 at 5:49 p.m.

The subsidiary of the BMCI group was recently the subject of a restricted call for tenders for its possible sale.

BMCI plans to sell its asset management subsidiary BMCI Asset Management. The information has been confirmed to us by a reliable source.

This desire to sell is part of a global repositioning movement of BNP by shedding certain non-strategic activities. According to the same source, it does not imply a withdrawal of the group from Morocco. A disengagement of the BNP from Morocco remains, despite everything, a hypothesis that comes up regularly within business circles in Morocco.

With regard to BMCI Asset Management, a restricted call for tenders was launched in order to sound out the market.

Several requests for additional information have been sent by various national banking groups – holding or not holding management companies – to assess the subsidiary of BMCI.

Discussions with potential buyers followed this process, without success for the moment.

Other asset management companies would be in the same situation as BMCI Asset Management, prefiguring a restructuring of the sector.

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