Stanbic - Completion Of The Acquisition Of Jardine
Standard Bank Investment Corporation Limited
Standard Bank Investment Corporation Limited ("Standard Bank") is pleased to
announce that all conditions precedent to the acquisition of Jardine Fleming
Bank Limited ("JF Bank") have been met and Completion occurred on 3rd July
2001.
JF Bank changed its name to Standard Bank Asia Limited on Completion and
will trade under the name of Standard Jardine Fleming Bank.
According to Malcolm Wilde "Thanks to the co-operation of all of the
parties, Completion has occurred significantly ahead of schedule. We look
forward to the smooth integration of Standard Jardine Fleming Bank into the
Standard Bank Group".
4th July 2001
Enquiries
Standard Bank
Chief Executive, Asia Malcolm Wilde Tel : +65 5334111
Standard Jardine Fleming Bank
Chief Executive Robert Herries Tel : +852 2843 8461
Standard Bank
Investor Relations Kim Howard Tel : +27 11 6367811
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