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
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
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos