Two UK banks eye Nedbank
http://www.fin24.com/Companies/Two-UK-banks-eye-Nedbank-20100726
Johannesburg – British banks’ plans to take over the South African banking group Nedbank are well advanced, if one is to believe the British media.
On Friday the possibility was again raised when the authoritative Financial Times of London reported that two British banking groups were negotiating with Old Mutual [JSE:OML] over its 52% stake in Nedbank Group [JSE:NED].
The paper’s columnist Mark Kleinman reported that HSBC and Standard Chartered had already negotiated such a deal with Old Mutual.
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