South Africa’s Nedbank Sells Stake in Ecobank for $100 Million

South Africa’s Nedbank Sells Stake in Ecobank for $100 Million

Nedbank Group Ltd. agreed to sell its stake in Ecobank Transnational Inc. to a company controlled by the former chairman of the pan-African lender for $100 million, ending a 17-year alliance.

Pan-African Investor Alain Nkontchou Seizes Control of Ecobank Parent in Landmark Deal

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/pan-african-investor-alain-nkontchou-seizes-control-of-ecobank-parent-in-landmark-deal/Lomé-based Ecobank Transnational Incorporated (ETI) confirmed today that Bosquet Investments Ltd., the private investment firm of former ETI Chairman Alain Nkontchou, has agreed to acquire a 21.22% stake from South Africa’s Nedbank Group. The deal, pending regul…

Nedbank Sells 21.22% Stake in Ecobank to Bosquet Investments, Ending 17-Year Shareholding

Business circles across Africa are viewing Nedbank Group’s decision to sell its 21.22% stake in Ecobank Transnational Incorporated (ETI) as a natural evolution in both banks’ strategic priorities. Many industry analysts say the move is mutually beneficial — allowing Nedbank to sharpen its focus on its home markets in Southern and Eastern Africa, while ushering […] The post Nedbank Sells 21.22% Stake in Ecobank to Bosquet Investments, Ending 17-Y…

Bosquet Investments acquires major stake in ETI - Worldstage

WorldStage Newsonline– Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, has Bosquet Investments Ltd. has acquired a 21.22 per cent stake from Nedbank Group Ltd. ETI in a corporate statement through the Nigerian Exchange Ltd. on Friday noted that the transaction remains subject to regulatory approvals. It said Bosquet Investments is the private investment vehicle of Mr Alain Nkontchou, former Chairman of ETI. Accordi…

Nedbank Sells 21.22% Stake in Ecobank to Bosquet Investments

By Aduragbemi Omiyale The private investment vehicle of a Cameroonian banker, Mr Alain Nkontchou, Bosquet Investments Limited, has acquired a 21.22 per cent stake of Nedbank Group in Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group. A statement from Ecobank on Friday said the sale followed the decision of Nedbank to realign […]

Nedbank Sells Ecobank Stake to Ex-Chair Alain Nkontchou’s Firm - InsideBusiness - Business News in Nigeria

Ecobank Transnational Incorporated (ETI), the parent company of the pan-African banking group Ecobank, has announced a major share transaction involving the sale of a substantial stake by South African lender Nedbank Group Ltd.  In a deal disclosed on Friday, Bosquet Investments Ltd, the private investment vehicle of former ETI Chairman, Alain Nkontchou, has agreed to acquire a 21.22 per cent stake in ETI from Nedbank. The transaction, which re…