When Societe Generale announced various African country exits this summer, even some African banking experts struggled to recognize the buyer of its businesses in central Africa.
Vista Group – which was only launched in 2016 – is the purchaser of the French group’s enterprises. Burkina Faso-born Simon Tiemtoré set up Lilium Capital that year, initially acquiring First International Bank, a distressed group of lenders operating in three small west African economies. The balance sheet equated to a mere $200 million.
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