Tuesday, July 24, 2007

Nedbank falls 3 pct as M&A talk wanes

(Reuters) - Shares in South Africa's fourth-biggest banking group Nedbank fell as much as 3 per cent on Tuesday as takeover talk around the group faded, traders said.

At 1253 GMT Nedbank shares were down 2.6 percent at 140 rand, having earlier hit 139.51 rand, underperforming the JSE Securities Exchange's banking sector which was 0.7 percent weaker.


Read more at Reuters Africa

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