South Africa's Nedbank Group has reached an agreement to sell its 21.2% shareholding in pan-African lender Ecobank for $100 million to the private investment vehicle of financier Alain Nkontchou, Bosquet Investments Limited.

In a statement, Nedbank says this sale marks the conclusion of a significant chapter in the bank's journey with the Togo-based Ecobank Transnational Incorporated (ETI) in advancing its pan-African mandate.

Thami Ngubeni spoke to Keagan Higgins, an Investment analyst at Anchor.

South Africa's Nedbank Group has reached an agreement to sell its 21.2% shareholding in pan-African lender Ecobank for $100 million to the private investment vehicle of financier Alain Nkontchou, Bosquet Investments Limited.
In a statement, Nedbank says this sale marks the conclusion of a significant chapter in the bank's journey with the Togo-based Ecobank Transnational Incorporated (ETI) in advancing its pan-African mandate.
Thami Ngubeni spoke to Keagan Higgins, an Investment analyst at Anchor.

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