UGB: The FGIS wants to buy back the shares held by the BGD

by time news

2024-10-16 08:34:00

DIG/ The Minister of Economy and Participation, Mays Mouissi, received on Wednesday October 9, 2024, the Chairman of the Board of Directors (PCA) of the Union Gabonaise de Banque (UGB), Bertrand Moundounga.

With this meeting it was possible to discuss the recent activities of the UGB as well as the strategic decisions made during the last sessions of the Board of Directors.

The PCA submitted the reports of the annual sessions held in May and September 2024 in Rabat, Morocco to the Minister of Economy.

He emphasized that the bank is in good financial health, as evidenced by the figures presented.

In addition, he stated the progress of the file regarding the repurchase by the Gabonese Fund for Strategic Investments (FGIS), on behalf of the Sovereign Fund of the Gabonese Republic (FSRG), of UGB shares held by the Gabonese Development Bank (BGD) in liquidation.

He suggested a meeting between the General Directorate of Participation (DGP) and the bank’s administrators to clarify the expectations of the new authorities regarding the management of UGB shares held by the Gabonese State.

Finally, the PCA announced the acquisition of two new administrative positions for the Gabonese side.

UGB: The FGIS wants to buy back the shares held by the BGD

#UGB #FGIS #buy #shares #held #BGD

You may also like

Leave a Comment