{"id":11224,"date":"2012-06-07T23:01:34","date_gmt":"2012-06-07T21:01:34","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/corrected-update-1-barclays-to-buy-major-stake-in-bank-windhoek\/"},"modified":"2012-06-07T23:01:34","modified_gmt":"2012-06-07T21:01:34","slug":"corrected-update-1-barclays-to-buy-major-stake-in-bank-windhoek","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/corrected-update-1-barclays-to-buy-major-stake-in-bank-windhoek\/","title":{"rendered":"CORRECTED-UPDATE 1-Barclays to buy major stake in Bank Windhoek"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Corrects to say Namibia, not Nigeria, in last paragraph)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bank Windhoek to list after deal<\/p>\n<p><span><\/span><\/p>\n<p>* Namibia in drive to cut foreign holding banks<\/p>\n<p><span><\/span><\/p>\n<p>By Servaas van den Bosch<\/p>\n<p><span><\/span><\/p>\n<p>WINDHOEK, June 7 (Reuters) &#8211; Barclays Plc plans to<br \/>\nbuy a 49.9 percent stake in Namibia&#8217;s second-largest lender by<br \/>\nassets, Bank Windhoek, the country&#8217;s central bank said on<br \/>\nThursday, a deal that gives the British lender a presence in the<br \/>\nsouth-western African country.<\/p>\n<p><span><\/span><\/p>\n<p>The value of the potential deal had not been determined as<br \/>\nBarclays was yet to start talks with the bank that holds more<br \/>\nthan $2 billion in assets, Ebson Uanguta, the central bank&#8217;s<br \/>\ndeputy governor told reporters.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We have given the approval for potential acquisition of<br \/>\nBank Windhoek by Barclays. Now Barclays will continue with its<br \/>\ndue diligence and enter into price negotiations,&#8221; Uanguta said.<\/p>\n<p><span><\/span><\/p>\n<p>Uanguta also said Bank Windhoek, which offers corporate and<br \/>\nretail banking services, will list the remaining shares on that<br \/>\ncountry&#8217;s bourse following the acquisition.<\/p>\n<p><span><\/span><\/p>\n<p>Bank Windhoek Limited reported a net profit after tax of 160<br \/>\nmillion Namibian dollars ($19.25 million) in the six months<br \/>\nended 31 December 2011.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Corrects to say Namibia, not Nigeria, in last paragraph) * Bank Windhoek to list after deal * Namibia in drive to cut foreign holding banks By Servaas van den Bosch WINDHOEK, June 7 (Reuters) &#8211; Barclays Plc plans to buy a 49.9 percent stake in Namibia&#8217;s second-largest lender by assets, Bank Windhoek, the country&#8217;s central [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11224","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11224"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11224\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}