Deals
Africa’s Biggest Bank Is In Play. Does Anyone Want It?
- RMH to distribute $8.8 billion FirstRand stake to investors
- FirstRand left without dominant investor after deal concludes
Pedestrians pass street advertising for First National Bank (FNB), a division of FirstRand Bank Ltd., in Johannesburg.
Photographer: Dean Hutton/Bloomberg
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Africa’s biggest bank by market value just became a possible takeover target -- at a time when potential buyers are scarce.