Date: = 09/10/2007 || 7UP = 44.81 || ABCTRANS = 2.89 || ACADEMY = 5.5 || ACCESS = 21.5 || ADSWITCH = 3.46 || AFPRINT = 2.75 || AFRIBANK = 30.49 || AFROIL = 5.76 || AFRPAINTS = 1.01 || AGLEVENT = 3.13 || AIICO = 3.22 || AIRSERVICE = 18.5 || ALEX = 2.56 || ALUMACO = 2.65 || AP = 79.8 || ARBICO = 2.5 || ASHAKACEM = 50.5 || AVONCROWN = 4.23 || BAICO = 2.42 || BCC = 43.5 || BCN = 0.9 || BERGER = 7.02 || BETAGLAS = 16.5 || BOCGAS = 7.91 || CADBURY = 32.7 || CAP = 43.35 || CAPALBETO = 37.27 || CAPOIL = 0.81 || CCNN = 17.5 || CHELLARAM = 4.35 || CHEVRON = 145 || CILEASING = 5 || CONOIL = 53 || CONTINSURE = 3.04 || CORNERST = 3.52 || COSTAIN = 20 || CRUSADER = 4.28 || CUSTODYINS = 3.16 || CUTIX = 21 || DANGSUGAR = 35.5 || DIAMONDBNK = 17.15 || DNMEYER = 8.7 || DUNLOP = 2.99 || ECOBANK = 8.88 || EKOCORP = 7.49 || ELLAHLAKES = 2.92 || EPICDYNAM = 0.38 || EQUITYASUR = 1.79 || ETERNAOIL = 17 || ETI = 173.25 || EVANSMED = 7.25 || FCMB = 17.45 || FIDELITYBK = 11.99 || FIRSTALUM = 2.02 || FIRSTBANK = 40.5 || FIRSTINLND = 10.6 || FLOURMILL = 77.99 || FOOTWEAR = 2.26 || GLAXOSMITH = 17.11 || GNI = 3.8 || GUARANTY = 29 || GUINEAINS = 1.94 || GUINNESS = 126 || IBTC = 14.3 || IKEJAHOTEL = 7.14 || INTENEGINS = 2.44 || INTERCONT = 26 || INTERLINK = 1.8 || IPWA = 3.4 || JAPAULOIL = 6.02 || JBERGER = 57.29 || JOHNHOLT = 3.8 || JULI = 0.68 || LASACO = 2.89 || LAWUNION = 3.17 || LINKASSURE = 2.55 || LIVESTOCK = 2.99 || LONGMAN = 13 || MAYBAKER = 10.89 || MBENEFIT = 3.1 || MOBIL = 158.98 || NAHCO = 22.81 || NAMPAK = 8.37 || NASCON = 16.9 || NB = 43.6 || NBC = 54.5 || NCR = 4.2 || NEIMETH = 3.67 || NEM = 2.84 || NESTLE = 210 || NIG-GERMAN = 16.7 || NIGERINS = 4 || NIWICABLE = 3.3 || OANDO = 76.5 || OASISINS = 2.02 || OCEANIC = 33 || OKITIPUPA = 1.95 || OKOMUOIL = 27 || PHARMDEKO = 5.15 || PLATINUM = 30.27 || PREMPAINTS = 1.11 || PRESCO = 9.5 || PRESTIGE = 6.3 || PZ = 23 || RAKUNITY = 0.31 || ROYALEX = 3.89 || RTBRISCOE = 27.99 || SCOA = 2.59 || SKYEBANK = 14.6 || SOVRENINS = 3 || STACO = 2.57 || STDINSURE = 3.87 || STERLNBANK = 7.55 || THOMASWY = 3.6 || TOTAL = 153 || TOURIST = 2.81 || TRANSCORP = 4 || TRANSEXPR = 0.78 || TRIPPLEG = 5.2 || UAC-PROP = 22 || UACN = 38.63 || UBA = 53.08 || UBN = 42.91 || UNHOMES = 6 || UNIC = 3.15 || UNILEVER = 17.01 || UNIONDICON = 8.56 || UNITYBNK = 5.8 || UNTL = 2.8 ||
Subscribe
|
Guest
Home
NSE Companies
News
FAQs
Contact
News
Date Posted:
11-08-2007 02:54:28
IBTC-STANBIC MERGER (FINANCIAL STANDARD BY FRIDAY ATUFE)
Standard
Bank
of South
Africa
(SBSA) is to invest N64 billion into the
Nigeria
\'s economy through its planned acquisition of 55 per cent shareholding in
IBTC
Chartard
PLC
under the proposed merger of
IBTC
and
Stanbic
Bank
Nigeria
Limited
.
Stanbic
Bank
is a subsidiary of SBSA.
Mr. Greg Brackenridge, managing director of
Stanbic
Nigeria
, said in
Lagos
Monday that though the
Bank
is currently seeking 50.1per cent
Equity
of
IBTC
Chartard
Bank
to consummate the merger, its ultimate is to acquire 55 per cent shareholding in the
Long
run.
He said if
Stanbic
Bank
fails to obtain 50.1 per cent of the shareholding of
IBTC
Chartard
through the ongoing tender offer
Price
from about N30 billion currently to N94 billion.
Stanbic
Bank
and
IBTC
Chartard
Are
seeking to merge their operations in furtherance of the consolidation that was engineered by
Central
Bank
of
Nigeria
in 2004 in the
Nigerian
banking
Industry
.
Editor
:: Member Login
Administration Login
Subscribers Login
.:
Market
.:
Companies
.:
Industries
.:
Key Players
.:
Stock Prices
Other Headlines
MTN appoints Chapel Hill Denham to handle $5.23b listing in Nigeria
Abbey Delays 2017 Results
Over 1,000 firms bid for 2017 railway projects
So You Want To Start An Investment Club? by Lynn Ostrem
LAFARGE
$180M Haliburton Scam: Court Cancels Trial Over EFCC’s Cold Prosecution
Business Integrity: Oxymoron or Imperative?
<<
|
<
|
>
|
>>
(c) 2005 TradeWize | All Rights Reserved