HSBC in talks to buy 70% of South Africa's Nedbank
The banking giant HSBC is in exclusive talks to buy a controlling stake in South Africa's Nedbank.
The deal could be worth some 49.9bn rand ($6.8bn; £4.4bn) and would give Europe's largest lender a presence in Africa's largest economy and a gateway to the fast-growing continent.
Julia Caesar explains.
23 Aug 2010
- From the section Business