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Archive In M & A
Nedbank Exercises Rights To Acquire 20% Of Ecobank.
South Africa’s fourth biggest bank, Nedbank, on Thursday said it had exercised its rights to subscribe for a 20 percent shareholding in West Africa’s lender, Ecobank Transnational.
Skye Bank Wins Bid To Buy Nationalised Lender Mainstreet.
Nigerian lender Skye Bank has won the bid to buy nationalised lender Mainstreet Bank, the Asset Management Corporation of Nigeria revealed on Saturday.
Clothing Retailer Truworths Set To Acquire Earthchild.
JSE-listed clothing retailer, Truworths, on Tuesday said it intends to buy 100 percent of Earthchild, a South Africa-based privately-owned retailer of fashionable children and ladies clothing.
South African Ecommerce Giants Kalahari And Takealot Set For Merger.
After years of stiff competition for South Africa’s e-commerce space, the sectors biggest players Kalahari and Takealot have announced plans to forge ahead with a merger.
Glencore Clears Air On Plans To Acquire Competitor Rio Tinto.
London and Johannesburg-listed resources firm, Glencore, on Monday moved to clear the air around claims that it wanted to merge its operations with another resources giant, Rio Tinto.
LeapFrog Sells Minority Stake In Local Insurer To Swiss Re.
LeapFrog Investments, a specialist investor in financial services in Africa and Asia, has sold its minority stake in Apollo Investments Limited to Swiss Re.
Abraaj Acquires South African leading FMCG Producer.
leading global private equity investor, Abraaj Group, revealed this week that it had acquired majority stake in South African Leading FMCG manufacturer, Liberty Star Consumer Holdings (Libstar).
Liberty Closer To Acquiring Ghana’s Asset Management Firm.
Liberty Holdings, the JSE-listed life insurer, is in the final stages of acquiring an asset management firm in Ghana, it emerged on Thursday.
Nigeria’s Oldest Bank Launches Ghanaian Unit, Becomes Largest African Banking Outfit.
First Bank of Nigeria Limited has officially expanded its operations to Ghana, making it the largest corporate and retail banking financial institution in Africa (excluding South Africa).
Old Mutual Splashes $1bn For British Wealth Manager Acquisition.
Johannesburg and London-listed life insurance firm, Old Mutual, is poised to buy one of Britain’s largest wealth managers, Quilter Cheviot (Cheviot), for $1 billion, it emerged on Friday.