The ownership structure of the Banque internationale pour le commerce et l’industrie de Côte d’Ivoire (BICICI) continues to evolve. Three years after BNP Paribas exited the bank and Ivorian investors took full control, the Banque nationale d’investissement (BNI) has finalized a deal to divest its entire stake in the financial institution.
Under the agreement signed on July 13 with Brandon & Mcain Capital, the investment firm led by Ahmed Cissé—also serving as President of Côte d’Ivoire’s private sector confederation (CGECI)—acquires BNI’s 21.09% shareholding in BICICI. Pending approval from the Commission bancaire de l’UMOA, this acquisition will elevate Ahmed Cissé’s total stake to 40.2%, up from his current 19.11%.
