Absa to take over Bank Gaborone

source: Mmegi
BRIAN BENZA
Staff Writer

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 [continue reading]

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