The Vista Group announced its plans to take over the operations of Société Générale subsidiaries in Burkina Faso and Mozambique. Société Générale currently holds a 52.6% stake in its Burkina Faso subsidiary and a 65% stake in its Mozambique subsidiary.
According to Africa News Agency, the acquisition of these activities is expected to be finalized in 2024. This move by the Vista Group represents a significant expansion in its banking and financial operations within the African market.