Thursday, May 3, 2007

Standard Bank buys controlling stake in Grayprop

(Reuters) - Standard Bank, Africa's biggest bank by assets, has bought fund manager Allan Gray's controlling stake in property unit trust Grayprop, the property company said on Thursday.

Grayprop said the transaction was subject to regulatory approval. It gave no financial details but said a further announcement will be made in due course.


Read more at Reuters Africa

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