Barclays in talks to sell Zimbabwe bank to Malawi's First Merchant Bank


  • World
  • Tuesday, 28 Mar 2017

A Barclays sign is seen outside a branch of the bank in London, Britain, February 23, 2017. REUTERS/Stefan Wermuth

LONDON (Reuters) - Barclays is in exclusive talks to sell its stake in Barclays Bank of Zimbabwe to Malawi's First Merchant Bank, First Merchant Bank said in a statement on its website on Tuesday.

A spokeswoman for Barclays confirmed the bank is in early discussions with a prospective buyer for its 68 percent stake in the Zimbabwe bank.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

EU Parliament adopts first EU-wide rules to combat domestic abuse
N.Ireland's Donaldson appears in court over rape, other sexual offence charges
Trump lawyer Todd Blanche draws judge's ire as historic trial gets underway
US Supreme Court weighs Idaho's strict abortion ban in medical emergencies
Italy fines Amazon over ‘recurring’ purchase option
Australian counter terrorism force arrests seven teenagers after Sydney bishop stabbing
Portugal celebrates democracy anniversary amid far-right surge
TikTok ban looms with Biden poised to start 270-day countdown
Ukrainian drones struck two Rosneft oil depots in attack, Kyiv source says
Computer-generated fake nudes discovered by victims on the Internet, Florida cops say

Others Also Read