LAGOS, April 19 (Reuters) – Pan-African lender Ecobank
Transnational will sell a 19.58 percent stake in its
shares to South Africa’s Public Investment Corporation (PIC) for
$250 million, the bank said on Thursday.
“The transaction will bolster Ecobank’s tier one capital and
further enhance its ability to grow its business across the
African continent,” the lender, which operates in 32 African
countries, said.
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