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Afribank Plc: Cautionary Announcement
Category: Investors NewsBeat
Read (1596)
April 5, 2011
The Bank has notified The Exchange that further to its December 10, 2010 announcement vides our Market Bulletin Ref: ISD/12/09/010, The Board of Directors of the Bank has signed a Memorandum of Understanding (MOU) with a potential core investor -Vine Capital Partners Limited and Phoenix Acquisition Company Limited.
Vine Capital Partners is an emerging markets private equity firm, with an interest in Banking and Financial Services in Sub-Saharan Africa. The Vine Capital Consortium is made up of local and International firms.
The process will be subject to the approval of the Shareholders and the Bank’s regulatory bodies.
http://www.proshareng.com/investors/company.php?ref=AFRIBANK
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