Tag: Aldermore

FirstRand to takeover Aldermore for USD1.3 billion
JSE SENS

FirstRand to takeover Aldermore for USD1.3 billion

Africa’s largest financial services group, FirstRand said it has completed an agreement to acquire UK’s Aldermore for USD1.3 billion. Aldermore said it received a 313p per share offer for the entire business, which has been recommended by the Board to the Group’s shareholders. Phillip Monks, CEO, commented: “Aldermore remains focused […]

South Africa’s FirstRand to acquire Aldermore
JSE SENS

South Africa’s FirstRand to acquire Aldermore

South Africa’s largest bank, FirstRand Ltd said it has approached Aldermore for a possible acquisition. The acquisition is planned to be 100% shares in Aldermore. FirstRand is required to disclose its final decision by the 10th of November, 2017 whether it will go ahead with the acquisition. See the statement […]