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Johannesburg - Standard Bank Group [JSE:SBK] will have a
"war chest" for potential acquisitions on the continent following two
recent asset sales, the bank's chief executive said on Thursday.
Standard Bank last week agreed to sell down its stake in its
Argentine unit for about $380m. In March it sold its 36% stake in Russia's
Troika Dialog to Sberbank for $372m.
"That will give us a bit of a war chest," Jacko
Maree said in an interview with Reuters Insider.
"We've said that we would very much like to look for acquisitions on the African continent."
