Morocco's Attijariwafa Wins Privatisation Auction Of Mali Bank

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Attijariwafa Bank has agreed to pay US$93mn for a 51% stake in Banque Internationale pour le Mali (BIM). The sale of BIM is Mali's largest privatisation deal to date and attracted the interest of 19 banks, with only five making it to the final round of bidding. Attijariwafa outbid Nigerian bank UBA and West African bank Ecobank for its latest acquisition in French-speaking West Africa.