Absa to take over Bank Gaborone

Tuesday, February 23, 2010

South Africa's largest retail bank, Absa is set to take over Bank Gaborone in a development that could result in a merger in the local financial market.

Absa, which is 60 percent owned by Barclays Plc, on Friday announced that it has tabled a take over offer for Namibian financial services firm Capricorn Investment Holding (CIH) which is the majority shareholder in Bank Windhoek and Bank Gaborone.

If the deal goes ahead, it will result in two faces of Barclays Bank on the local market as the financial institution, which is UK's third largest bank, and already has a 67 percent controlling stake in Barclays Bank Botswana.

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Absa to take over Bank Gaborone

South Africa's largest retail bank, Absa is set to take over Bank Gaborone in a development that could result in a merger in the local financial market.

Dis agent gets bail in daughter rape case

Dato Seiko announces an immersive show : healing point

Senior police officer found dead in suspected suicide

India to rescue with ARVs amid ongoing health crisis

Boko should stop the fighting and start the delivering

Queue of Hope and Helplessness

BFA should present a clear cut plan for Zebras

Special mention for Botswana as Betway rakes P9bn in Africa

Boko should stop the fighting and start the delivering