Company Data
| Last traded |
R18.74 |
| Change |
R-0.11 |
| % Change |
-0.58% |
| Cumulative volume |
8.89m |
| Market cap |
R91.29bn |
| Last traded |
R168.34 |
| Change |
R-0.80 |
| % Change |
-0.47% |
| Cumulative volume |
299,281 |
| Market cap |
R85.43bn |
Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 19:13
Uncertainty over the future of the euro zone returned to push the rand down against the dollar.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
Johannesburg - HSBC Holdings, Europe's biggest bank, is in the early stages of evaluating a bid for
Nedbank Group [JSE:NED], Sky News reported.
HSBC has appointed investment bank Lazard to advise on a possible takeover deal, which would cost several billions of pounds, Sky said.
However, insurer
Old Mutual [JSE:OML], which owns about 54% of Nedbank, is not in talks with potential buyers at the moment, Sky said.
Officials for HSBC, Old Mutual and Lazard all declined to comment.
A source told Reuters in May that Britain's Standard Chartered was interested in buying Old Mutual's stake in Nedbank.
Buying a majority stake of South Africa's fourth-largest bank would bulk up HSBC's presence in Africa's biggest economy, and give it a strong platform for expansion on the quickly growing continent.
Old Mutual has been under pressure from some investors to review its sprawling structure after a strategic overhal in March included the planned sale of its US life unit, but disappointed hopes of a more far-reaching shake-up.
- Reuters