Browsing: Société Générale
The Anadarko-led Area 1 consortium has signed a 1.5 million tonne per annum (mtpa) binding LNG sales and purchase agreement (SPA) with China’s CNOOC, for LNG produced at its planned 13 mtpa project in northern Mozambique.
The controversial award of Moza Banco to the Bank of Mozambique’s pension fund is being analysed by Mozambique’s Central Commission on Public Ethics after the central bank brushed off accusations of a conflict of interest, saying such concerns were [...]
The Bank of Mozambique today announced that the central bank’s pension fund has won the competition to buy of Moza Banco, a commercial bank
The new owner of Moza Banco, one of Mozambique’s biggest commercial banks, will be decided by 9 June by an evaluation commission made up of representatives of the Bank of Mozambique and the World Bank Group’s IFC, and the interim CEO of the bank, after the [...]
European and African banking groups are conducting due diligence on Moza Banco and preparing binding bids for a deadline at the end of May - but Atlas Mara and Angola’s BIC have left the field, Zitamar News [...]
The Bank of Mozambique is preparing to sell Mozambique’s fourth largest bank to a new owner, after its existing shareholders failed to raise the capital required to buy it back [...]
French multinational banking group Société Générale today denied reports that it is in talks to buy Moza Banco - but said it could buy or merge with another Mozambican bank in future in order to reach its target of a 10% retail market share. [...]