S.Africa’s Standard Bank to acquire remainder of Liberty Two Degrees

Standard Bank SBKJ.J, Africa’s largest lender by assets, will take full control of property company Liberty Two Degrees L2DJ.J, its subsidiary said on Thursday, betting on a recovery in South Africa’s depressed property prices. The lender currently owns 58.52% of L2D and its insurance arm Liberty Group will acquire the remaining shares from minority shareholders … Continue reading S.Africa’s Standard Bank to acquire remainder of Liberty Two Degrees