Friday, February 18, 2011

COTE D'IVOIRE - Laurent Gbagbo takes control of several banks

"Closing of the misuse and Biçici SGBCI: State takes control of banks," as the daily pro-Gbagbo. Since February 14, several foreign banks, whose French BNP-Paribas and Societe Generale, have closed their Ivorian subsidiaries. They fear the country's instability, while Gbagbo is still refusing to hand over power to Ouattara, who was elected president in November.

In response to this closure, Gbagbo announced Feb. 17 that the state would take "full participation in the capital" of these subsidiaries.

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