FBC Holdings Limited (FBCH) signs agreement to purchase Standard Chartered's business in Zimbabwe
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FBCH will acquire 100 per cent of the shareholding in Standard Chartered Bank (Zimbabwe) Limited
FBC Holdings Limited (FBCH) and Standard Chartered Bank have
Standard Chartered are leaving Zimbabwe. FBC Holdings Ltd will be acquiring their business in the country, subject to regulatory approval.
HARARE - FBC Holdings Limited (FBCH) and Standard Chartered Bank have entered into an agreement for the acquisition of Standard Chartered’s business in Zimbabwe, subject to the approval of the regulatory authorities including the Reserve Bank of Zimbabwe. The announcement was made today at Standard Chartered’s Headquarters in Harare, Zimbabwe by Sunil Kaushal from Standard…