Fin24

Absa, Barclays talks still under way

2012-10-22 07:52

Johannesburg - Absa Group [JSE:ASA] advised on Monday that discussions are still in progress which, if successfully concluded‚ may have a material effect on the price of its shares.

In August and September Absa advised shareholders of the potential combination of the majority of the Barclays Africa operations with Absa.

Accordingly shareholders were advised to continue exercising caution when dealing in their shares until a further announcement is made.

 

Comments
  • faizieishlah.shabalala - 2012-10-22 09:18

    Dont think this is a bargain, more like Barclays consolidating is risks. Excuse the phrase "A black hole" for capital

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