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South Africa: Old Mutual 'To Cut Debt' With HSBC Cash
Business Day, 24 August 2010
SA's largest insurance company, Old Mutual, is set to gain a huge cash windfall relative to its size should global bank HSBC's bid for Nedbank transpire, a windfall that is… Read more »
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South Africa: Set On Being Africa's Most Admired Bank
Business Day, 24 August 2010
FROM operating in the shadows of its three larger rivals, Nedbank could by the end of November be catapulted into the big league, if HSBC succeeds in prising it away from its… Read more »
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South Africa: Offer is 'Vote of Confidence' in Country
Business Day, 24 August 2010
BANKING regulator Errol Kruger yesterday said HSBC's plan to buy Nedbank was a "vote of confidence" in SA. Read more »
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South Africa: Nedbank Analysis - Why the HSBC Deal is Difficult to Judge
Business Day, 24 August 2010
Apart from the larger slice, how would HSBC's transaction be different from the ICBC and Barclays deals? Read more »
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South Africa: The Bottom Line Column - Old Mutual Investors Can Smell a Fat Dividend
Business Day, 24 August 2010
THE relative share price movements of global mega-bank HSBC, Old Mutual and Nedbank yesterday speak volumes about the British bank's proposed buyout of Old Mutual's stake in… Read more »
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South Africa: Old Mutual, HSBC Talk a Deal for 70 Percent of Nedbank
Business Day, 24 August 2010
OLD Mutual yesterday ended market speculation about the future of Nedbank , by confirming talks with HSBC which could buy up to 70% of the bank in a deal potentially worth $7bn. Read more »
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South Africa: Monday Comment - Will HSBC Buying Nedbank Help?
Business Day, 23 August 2010
AT THE time of writing, it appears that mega- bank HSBC will soon announce it is in exclusive talks to buy Old Mutual 's 51% stake in Nedbank , perhaps even today. The details… Read more »
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South Africa: Nedbank Group Limited Announcement
Nedbank Group, 23 August 2010
Nedbank Group Limited ('Nedbank Group'), the majority owned South African banking subsidiary of Old Mutual plc, released an announcement on SENS today. The following is the full… Read more »
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South Africa: Proposal to Acquire a Controlling Stake in Nedbank Group
Old Mutual, 24 August 2010
Old Mutual plc ('Old Mutual') wishes to announce that it has received a proposal from HSBC Holdings plc ('HSBC') to acquire a controlling shareholding in Nedbank Group Limited… Read more »