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Absa extends gains after Barclays deal

Dec 07 2012 12:11 Reuters

Company Data

BARCLAYS AFRICA GROUP LIMITED [JSE:BGA]

Last traded 0
Change 0,91
% Change 0
Cumulative volume 885
Market cap 154.21bn

Last Updated: 26-11-2014 at 09:08. Prices are delayed by 15 minutes. Source: McGregor BFA

FIRSTRAND LIMITED [JSE:FSR]

Last traded 0
Change 0,1
% Change 0
Cumulative volume 96389
Market cap 280.94bn

Last Updated: 26-11-2014 at 09:17. Prices are delayed by 15 minutes. Source: McGregor BFA

STANDARD BANK GROUP LIMITED [JSE:SBK]

Last traded 0
Change -0,92
% Change 0
Cumulative volume 27130
Market cap 223.04bn

Last Updated: 26-11-2014 at 09:17. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.  

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