Mauritius Commercial Bank (MCB) plans to buy all Fincorp shares

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.”