HSBC to buy up to 70% of Nedbank, Banks in South Africa
Finance Monday, August 23rd, 2010
HSBC has entered into exclusive talks with Anglo-South African insurer Old Mutual about buying a majority stake in Nedbank Group, South Africa’s fourth largest bank. Reports have put the price as high as £4.5bn for a 52 percent stake in the latest in a string of assets Old Mutual has been forced to sell as [...]