Reuters logo
Ecobank in talks to buy Germany's ProCredit Mozambican unit
February 21, 2014 / 2:21 PM / 4 years ago

Ecobank in talks to buy Germany's ProCredit Mozambican unit

LAGOS, Feb 21 (Reuters) - Africa’s Ecobank said on Friday it was in discussions to acquire a 96 percent stake in the Mozambican subsidiary of Germany’s ProCredit Holding, in a deal which will increase its presence on the continent to 36 countries.

Ecobank said the deal was subject to regulatory approvals in Mozambique. (Reporting by Chijioke Ohuocha, editing by David Evans)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below