The manager of the investment fund PCM Capital Partners announced in a press release at the end of last week, its total exit from first Atlantic Bank , following the IPO of establishment on the Ghana Stock Exchange.

The PCM Capital Partners Investment Fund sells all of its 10.6% stake in the bank's capital. It is the fourth complete output of the, to which is added a partial output, in the framework of its first investment vehicle, the West Africa Emerging Markets Growth Fund (WAEMGF).

The operation, presented as one of the most major achievements in Accra Square over the past seven years, was oversubscribed, attracting strong demand from pension funds Ghanaians, institutional investors and wealthy individuals.

Investing in First Atlantic Bank had was carried out via AA Global Investments, a controlled company incorporated under Mauritian law by the fund. The manager emphasizes that the structuring of the transaction, qualified as the first of its kind on the Ghanaian market, opens new opportunities for private pension plans and contributes to the deepening of the local capital market.

According to PCM Capital Partners, this enthusiasm reflects market confidence in the financial strength of the bank, the quality of its governance and its long-term growth prospects.