Loading...
See More

Nedbank to convert Ecobank loan

Feb 26 2013 08:07 Reuters

Company Data

NEDBANK GROUP LIMITED [JSE:NED]

Last traded 0
Change -1,12
% Change 0
Cumulative volume 223245
Market cap 121.26bn

Last Updated: 26-11-2014 at 02:22. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Nedbank full-year profit up 19%

Nedbank warns of car scam

Nedbank pulls Lenasia support

Nedbank ups revenue

Nedbank: Bank costs hard to assess

Nedbank is SA's most expensive bank

 

Johannesburg - Nedbank Group [JSE:NED] expects to exercise its right to an acquire Ecobank stake as early as November and will pay for the deal out of its own cash, its chief executive said on Monday.

Nedbank lent its pan-African counterpart $285m, which it has the right to convert into equity. Chief Executive Mike Brown made the comments at a presentation of the bank's full-year earnings.  

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

nedbank group  |  ecobank  |  banks
NEXT ON FIN24X

 
 
 

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

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Hottie of the day: Nicole Meyer!

Nicole is the cover girl for the 2014 edition of SA Swimsuit! Check out some smoking hot pics of here here.

 
 

Men24.com

11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!
This is how the Top Gear presenters spend their £55 million!
Thirty and still single? There’s hope!

Money Clinic

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