Equity Group Holdings Plc has completed the acquisition of a majority stake in the Congolese lender Banque Commerciale Du Congo (BCDC) at a discounted price of $95 million.
In September last year, Equity announced it had agreed with the majority shareholder— George Arthur Forrest and family— to acquire all the 625,354 shares (66.53 percent) owned by the Belgian entrepreneur at a cost of $105 million. The price of the transaction included dividends declared after January 1, 2019, in respect of the financial year ending December 31, 2019, meaning cum-dividend price per share of $167.9.
