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