HSBC to pay premium for Nedbank stake

Aug 23, 2010 : HSBC is poised to win the auction for a controlling stake in Nedbank, South Africa’s fourth-largest bank, after fending off fierce competition from its UK-based rival Standard Chartered. Sharlene Goff tells Daniel Garrahan that HSBC has the deal to lose and it would be a good strategic move for the bank.
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