Banque Centrale Populaire (CBSE:BCP) and Groupe Sipromad signed an agreement to acquire Banque Des Mascareignes Ltee from BPCE International et Outre-Mer SA on February 20, 2018. The deal is subject to usual condition precedents and regulatory authorities in Mauritius, Madagascar and Morocco. The deal is expected to close by the end of the first half of 2018. Rothschild & Co acted as financial advisor to Groupe BPCE, parent of BPCE International et Outre-Mer SA.