The shareholding 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 and the bank transitioned to fully Ivorian ownership, the Banque nationale d’investissement (BNI) finalized an agreement on July 13 with Brandon & Mcain Capital to sell its entire stake in the financial institution.
Under the terms of the deal, the investment firm led by Ahmed Cissé—who also serves as president of the Conseil du Patronat de Côte d’Ivoire (CGECI)—acquires the 21.09% stake and voting rights previously held by the BNI. Pending approval from the Commission bancaire de l’UMOA, Ahmed Cissé’s ownership will rise to 40.2%, up from his current 19.11% stake.
