South Africa: Standard Confirms Sell of Its London Operation

Johannesburg — STANDARD Bank Group Limited (SBG) announced the signing of the closing documents with Industrial and Commercial Bank of China Limited (ICBC) to cement the completion of the disposal of its London business effective February 1.

The transaction proceeds receivable by SBG will be finalised after a post completion audit of Standard Bank Plc, and total gross proceeds of approximately US$ 690 million are expected.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.