Mauritius Commercial Bank Plans to Buy All Fincorp Shares, Express Reports
Mauritius Commercial Bank (MCB) aims to re-acquire all the shares in Fincorp Investment Co., in which it owns a 54 percent stake, l’Express reported, without saying where it got the information.
Fincorp, which owns Finlease and has direct and indirect stakes in Promotion & Development Ltd. (PADFP) and Caudan Development (CAUDAN), has advanced more than 26 percent since March 17, the Port Louis-based newspaper said.
“We don’t comment on speculation or rumors,” Mauritius Commercial Bank said in an e-mailed response to questions today. “We communicate officially to the market as and when required and there is no such communication in respect of Fincorp.”
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