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BRIEF-Standard Bank says Mexico's Inbursa to acquire Brazilian banking unit
March 17, 2014 / 7:27 AM / 4 years ago

BRIEF-Standard Bank says Mexico's Inbursa to acquire Brazilian banking unit

JOHANNESBURG, March 17 (Reuters) - Standard Bank Group : * Has reached agreement with Grupo Financiero Inbursa SAB, for Inbursa to acquire co’s Brazilian licensed banking subsidiary * Price to be determined with reference to the closing net asset value of BSI, which is currently approximately $45 million * Says transaction is subject to regulatory approvals in South Africa, Brazil and Mexico

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