Absa Group Limited - Acquisition By Absa Of An 80%
SARL of Mozambique ("Austral")
ABSA Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1986/003934/06)
Share code: ASA ISIN: ZAE000013389
("ABSA")
Acquisition by ABSA of an 80% stake in Banco Austral SARL of Mozambique
("Austral")
Absa Corporate Finance is authorised to announce that, given the receipt of
all the required regulatory approvals and fulfilment of all other conditions
precedent, Absa's acquisition of an 80% stake in Austral became effective on
1 January 2002.
Accordingly, full control of Austral passed to Absa with effect from 1
January 2002.
Johannesburg
7 January 2002
Merchant bank
ABSA CORPORATE AND MERCHANT BANK
Corporate Finance
(Registration number 1986/004794/06)
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Registered sponsor and
Member of the JSE Securities Exchange South Africa
Registration number 1995/001805/07
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
