(Reuters) - South Africa's Standard Bank launched a tender offer on Monday for shares in Nigerian investment bank IBTC Chartered Bank Plc which has agreed to merge with Standard's Nigerian unit Stanbic.
Standard Bank, Africa's top banking group by assets, said last week it had raised its offer price to 16 naira (12 U.S. cents) per share from 11.74 naira. It said the offer was now worth approximately $400 million.
Read more at Reuters Africa
Standard Bank, Africa's top banking group by assets, said last week it had raised its offer price to 16 naira (12 U.S. cents) per share from 11.74 naira. It said the offer was now worth approximately $400 million.
Read more at Reuters Africa
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