standard bank denies russian deal

Standard Bank has rubbished reports of a possible tie-up with Russia's second largest investment bank, Troika Dialogue. Russian media yesterday reported the bank was in talks to buy a 30 percent stake in Troika through a new shares issue.

Standard Bank has rubbished reports of a possible tie-up with Russia's second largest investment bank, Troika Dialogue. Russian media yesterday reported the bank was in talks to buy a 30 percent stake in Troika through a new shares issue.

A business daily quoted an unnamed investment banker as saying Standard Bank was currently conducting due diligence of the Russian company and has valued the stake at between R1,5billion and R2billion. -Staff Reporter

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