CIH to Take Over BNP Paribas’ Morocco Asset Management Business

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Casablanca-based lender CIH Bank is paying 70m dirhams to take over the management of 8b dirhams in assets from BMCI, CIH says in a statement.

  • Transaction is expected to be finalized in 1H/2023 and subject to regulatory approval
  • BMCI Asset Management had 40 UCITS with total assets of around 8b dirhams

Source: Bloomberg

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