Nedbank plans to sell its 21.2% stake in Ecobank, citing regulatory uncertainty and lack of expected synergies.

By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa's Nedbank Group posted a 6% rise in half-yearly headline earnings on Tuesday, while announcing its intentions to sell its 21.2% stake in ...

South Africa's Nedbank Group posted a 6% rise in half-yearly headline earnings on Tuesday and announced plans to sell its more than 21% stake in Pan-African lender Ecobank to focus on Southern Africa ...

Despite this strategic repositioning, Nedbank’s share price dropped 4.92% to R236.40 following the release of its interim ...