Africa: Stanbic Africa Holdings Raises Stake in Stanbic Ibtc By 11.35 Percent

31 May 2018

Stanbic Africa Holdings Limited, parent company of Nigeria's Stanbic IBTC Holdings Limited, has increased its shareholding in the latter by 11.35 percent.

As a result of the fresh capital injection into its Nigerian subsidiary, Stanbic Africa Holdings Limited now owns 64.44 percent of the total equities of Stanbic IBTC Holdings Plc.

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