Company Data
| Last traded |
R113.00 |
| Change |
R-0.10 |
| % Change |
-0.09% |
| Cumulative volume |
3.20m |
| Market cap |
R179.93bn |
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May 25 2012 11:36
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Johannesburg - The Competition Tribunal on Wednesday approved without conditions the proposed merger between Standard Bank Group [JSE:SBK] and Credit Suisse Standard Bank Securities (CSSS).
In this transaction Credit Suisse will exit as a shareholder of CSSS and Standard Bank will acquire 50% of the issued ordinary share capital of CSSS from Credit Suisse.
CSSS is an institutional stock brokerage business and Standard is a financial services group.
The Competition Commission had assessed the proposed merger and recommended that the Tribunal approve it without conditions.