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Moza Banco has new shareholder and will acquire Banco Terra Moçambique
3:35 CAT | 28 Feb 2018
In file CoM
The financial holding company Arise, which comprises two Dutch banks and a Norwegian sovereign trust fund, will soon become a Moza Banco shareholder, the Mozambican bank said in a statement yesterday.
“The benchmark shareholder of Moza Banco, Kuhanha SA, yesterday announced to the market that they had just signed a memorandum of understanding with the Arise Fund for the entry of this investor into Moza’s share capital, with a minority position in the shareholder structure,” João Figueiredo, Chairman of the Board of Directors announced.
The agreement also foresees that Moza “will acquire Banco Terra, an institution owned by the Arise Fund” in Mozambique.
Source: Lusa
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