Bidvest Group has concluded an agreement for the disposal of 100% of Bidvest Bank Holdings to Access Bank for R2.8-billion. Bidvest Group CE Mpumi Madisa ...
Your trusted source for business and investment insights. Get full access to all our articles and data tools. SUBSCRIBE NOW. Login ...
JSE-listed Bidvest announced on Thursday its plans to sell Bidvest Bank Holdings to Access Bank Plc for approximately R2.8 billion.
As part of the transaction Access Bank will introduce broad-based black economic empowerment ownership to Bidvest Bank, including an employee stock ...
Access Holdings, through its banking subsidiary, Access Bank Plc, has completed an agreement to acquire 100% equity in Bidvest Bank, a leading second-tier ...
Bidvest plans to dispose of Bidvest Bank, FinGlobal and Bidvest Life, with group raising billions from the sales.
The proceeds from the Bidvest Bank disposal will be used to settle debt, it added. Acquisitions of R3.3bn and working capital investments of R2.1bn led to a R3.
Access Bank, the banking arm of Access Holdings, has agreed with South Africa's Bidvest Group Limited to acquire a 100 per cent equity stake in Bidvest ...
Access Bank to acquire full equity stake in South Africa's Bidvest Bank from Bidvest Group in a deal worth nearly ZAR2.8bn ($157m).
The sale to Access Bank signifies Bidvest's intention to concentrate on its core non-financial operations, while Access Bank is set to deepen its footprint ...
Bidvest Bank will be merged with Access Bank's South African operations on deal completion.
The Bidvest Group said yesterday it has entered into an agreement to sell 100% of its Bidvest Bank Holdings to Nigeria head-quartered international banking ...