Standard Bank Group to sell Argentinian investment
08 August 2019 - 08:52
Standard Bank Group, Africa’s biggest lender, says it will sell its 20% stake in an Argentinian financial services group and use the proceeds to build up its African operations.
While ICBC Argentina “has performed strongly” since Standard Bank sold its controlling stake in 2011, “Argentina remains off-strategy for the group as a geography and there is little overlap” with the lender’s main client bases, it said on Thursday...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now