Loading...
See More

Absa extends gains after Barclays deal

Dec 07 2012 12:11 Reuters

Company Data

BARCLAYS AFRICA GROUP LIMITED [JSE:BGA]

Last traded 0
Change -0,43
% Change 0
Cumulative volume 331823
Market cap 150.02bn

Last Updated: 22-12-2014 at 04:31. Prices are delayed by 15 minutes. Source: McGregor BFA

FIRSTRAND LIMITED [JSE:FSR]

Last traded 0
Change 0,72
% Change 0
Cumulative volume 3686874
Market cap 280.32bn

Last Updated: 22-12-2014 at 04:31. Prices are delayed by 15 minutes. Source: McGregor BFA

STANDARD BANK GROUP LIMITED [JSE:SBK]

Last traded 0
Change -0,47
% Change 0
Cumulative volume 1057731
Market cap 228.35bn

Last Updated: 22-12-2014 at 04:31. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Barclays/Absa shake-up to improve costs

Barclays revamp could mean staff cuts

Wendy Lucas-Bull to chair Absa

Absa, Barclays talks still under way

Absa to take Tafakul to Africa

Absa to buy Barclays Africa for R18bn

 

Johannesburg - Shares of Absa Group [JSE:ASA] extended gains after the bank said it would buy Barclays Africa's operations in a R18.3bn deal. 

Absa's purchase of Barclays African assets gives it a toehold on the continent, opening up a new lucrative market at which it can compete against bigger rivals such as Standard Bank Group [JSE:SBK] and FirstRand [JSE:FSR].

Absa shares are up 3.02% at R154.01 after soaring more than 5% on Thursday.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

absa group
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...