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Earlier, in October 2006, Standard Chartered had acquired an initial 25% stake in First Africa Group, with the option to increase the holding to 100% by 2011.
Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2009-06-30
Deal Participants
Target (Company) First Africa Group Holdings Limited Acquirer (Company) Standard Chartered PLC
Deal Rationale
The acquisition would enable Standard Chartered to enhance its capability to provide M&A and leveraged finance services to its international clients in African-related transactions.
% Acquisition 75%
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