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Report: BNP Paribas to sell stake in Gabon unit, leave country

Morocco'sAttijariwafa Bank SAwill acquire BNP ParibasSA's stake in Banque Internationale pour le Commerce etl'Investissement du Gabon, signaling the French bank's retreat from Gabon,Gaboneco reported April 8.

Neitherthe size of the stake to be sold nor the price to be paid has been revealed, butthe deal will be officially announced April 20, according to the report.

Afterthe purchase, Attijariwafa Bank will run the largest banking network in Gabon,since it already owns UnionGabonaise de Banque, Gaboneco added.