HSBC (HBC +0.9%) confirms it's in exclusive talks with Old Mutual (ODMTY.PK) to buy up to 70% of South Africa's Nedbank (NDBKY.PK) in a deal that could be worth as much as $6.8B. (previously)
|Aug. 23, 2010, 7:31 AM
Jul. 8, 2010, 7:15 AM
HSBC (HBC -1%) is said to be in the early stages of evaluating a bid for South Africa's Nedbank (NDBKY.PK) that would cost several billion pounds. A deal would help HSBC build its presence in Africa's largest economy.