The Competition Tribunal has approved African Bank’s acquisition of Grindrod Bank with no conditions and has issued them with a merger clearance certificate.
African Bank hopes to use the R1.5 billion acquisition to drive their expansion into South African business-banking sector.
“This is an important step in the process of final incorporation and we commend the Commission and the Tribunal for their hard work and swift decisions.”
Kennedy Bungane – African Bank CEO
To read the full article visit BusinessTech, ‘Tribunal approves African Bank acquisition of Grindrod Bank.‘
