Nedbank concludes R1.8bn Ecobank sale, resets focus on African markets
December 19, 2025
|Cape Times
NEDBANK has concluded the sale of its stake in Nigerian lender Ecobank Transnational Incorporated (ETI) to Bosquet Investments for R1.8 billion and will pencil in a R7bn cumulative loss on its books from the investment.
The sale of the 21.2% stake has been approved by the requisite regulators, and the disposal was concluded on December 17, 2023.
Bosquet Investments is the private investment vehicle of Alain Nkontchou, the managing partner and co-founder of Enko Capital Management, an Africa focused asset management company.
Nedbank first invested in ETI in 2011, when it acquired a 20% stake for about R5.4bn at the time, as part of a strategic alliance between the two banks.
هذه القصة من طبعة December 19, 2025 من Cape Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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