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Standard Bank seals Argentina deal

Dec 06 2012 08:10 Reuters

Company Data

STANDARD BANK GROUP LIMITED [JSE:SBK]

Last traded 136.11
Change -3.27
% Change -0.02
Cumulative volume 2686416
Market cap 220.32bn

Last Updated: 22/09/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Standard Bank Group [JSE:SBK] said on Thursday Industrial and Commercial Bank of China has taken over control of its local operations in Argentina. 

ICBC will take 80% of commercial lender Standard Bank Argentina and its two affiliates, while Standard Bank will retain the remaining stake.

 
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