Saturday, November 13, 2010
South Africa's Royal Bafokeng may buy R10 bln stake in bank
Posted by Find Insurance Online at 6:24 PMSouth Africa's Royal Bafokeng Holdings, a black-owned investment group, may take a stake of up to $1.5 billion in one of the country's big banks over the next few years, its chief executive said on Wednesday.“We would like to have a significant investment in financial services and it's possibly a 5 to 10 billion ($750 million-$1.5 billion) stake in one of the big five financial services groups,”
Labels: south africa
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