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BNP Paribas Opens Exclusive Talks with Holmarcom on Potential Sale of 67% BMCI Stake
BNP Paribas has confirmed that it is in exclusive talks with its long‑time partner Holmarcom, which has held a stake in BMCI for three decades. The discussions focus on a possible divestiture of BNP Paribas' 67 % shareholding in the Moroccan bank BMCI (BVC:BCI). While the talks are still at an early stage, the bank says it will announce any definitive agreement in line with regulatory requirements. If the deal closes in 2026, BNP Paribas expects its CET1 capital ratio to improve by roughly 15 basis points.
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Background
BNP Paribas has been a major shareholder of Morocco's Banque Marocaine du Commerce International (BMCI) for many years, holding a 67 % stake in the bank listed on the Casablanca Stock Exchange (ticker BVC:BCI).
Exclusive talks with Holmarcom
The French banking group announced that it is now engaged in exclusive negotiations with Holmarcom, a Moroccan conglomerate that has been a partner and minority shareholder in BMCI for three decades. The talks focus on a potential sale of BNP Paribas' majority interest.
Current status and next steps
- The discussions are still at a preliminary stage.
- BNP Paribas will issue a formal announcement if and when the transaction is finalized, in line with applicable regulatory requirements.
- Should the deal close in 2026, the bank expects a positive impact of about +15 basis points on its CET1 capital ratio.
Both parties view the potential transaction as a strategic move to reshape their respective positions in the Moroccan banking sector.