National Bank purchases PE stake in Africa's NSIA Participations
The National Bank of Canada has bought a stake in NSIA Participations, an African financial services group headquartered in Abidjan, Ivory Coast. With the transaction, National Bank and Amethis Africa Finance have assumed the equity stake in NSIA held by a fund affiliated with African private equity firm ECP. National Bank will have a 20.9 percent interest in the company, while that of Amethis Finance will be 5.4 percent. The deal, the value of which was not disclosed, is expected to close in the third quarter of this year.
25 March 2015•7 mins read
