LISBON, July 24 (Reuters) – South Africa’s Standard Bank
said on Tuesday its Angolan unit has entered a
strategic partnership with local insurance and fund management
firm AAA Activos to pursue growth in the sub-Saharan African
country.
Standard Bank added in a statement posted on its website
that it will hold 51 percent of the new shareholding structure
in Angola under the agreement, with AAA Activos holding the
remaining 49 percent.
(Reporting by Shrikesh Laxmidas; editing by David Dolan)
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