Arise Fund Agrees to Buy Minority Stake in Moza Banco

 In news

Arise Fund has agreed to buy a minority stake in Moza Banco, Kuhanha, which administers the pension fund of Mozambique’s central bank, said in an emailed statement.

* Under the terms of the deal, Moza Banco plans to buy Banco Terra, where Arise Fund holds a stake;
* With the merger, Moza Banco will become one of the 3 main lenders in Mozambique;
* NOTE: Mozambique’s central bank owns more than 80 percent of Moza Banco through its pension fund after the lender collapsed in 2016;
* NOTE Nov. 22: Mozambique Central Bank Is Said to Mull Sale of Moza Banco Stake. Source: Bloomberg

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text.

Start typing and press Enter to search