The Africa team of CMS Francis Lefebvre Avocats advised the NSIA group, a major player in insurance in Sub-Saharan Africa (around 20 life and non-life subsidiaries in more than a dozen African countries) as well as in banking (two banking subsidiaries in Côte d’Ivoire and Guinea), on the takeover of Diamond Bank SA, the Beninese banking subsidiary of the Nigerian Diamond Bank Plc group and its three banks in Senegal, Togo and Côte d’Ivoire (with total assets of more than €600 million).

For this transaction, the Africa team of  CMS Francis Lefebvre Avocats, which advised the NSIA group, comprised Pierre Marly, Partner, and Bertrand Saint-Pierre, Associate.

Diamond Bank Plc was advised by the Nigerian firm Templars Law LLC.