Morocco’s Capital Markets Authority has approved the prospectus for the planned merger of Borj Attijari into its parent company, Attijariwafa Bank. The regulatory green light, granted on May 22, clears the way for the integration, which will proceed without the issuance of any new shares.
Since Borj Attijari is already fully owned by Attijariwafa Bank, the merger will have no effect on the group’s capital structure. The operation is purely internal and serves to streamline the organization without altering shareholder equity or ownership stakes.
The final step in the process will be a vote by Attijariwafa Bank’s extraordinary general meeting, scheduled for June 23. If approved, the merger will mark the formal dissolution of Borj Attijari and its complete absorption into the parent company.
