ABSA GROUP LIMITED - REPORT ON `FOREIGN BID` FOR ABSA
Absa Group Ltd
JSE Share code:ASA
ISIN number: ZAE000013389
REPORT ON `FOREIGN BID` FOR ABSA
We refer to a report on the Bloomberg news service today in which Absa Group
Limited`s Group chief executive-designate, Dr Steve Booysen, is quoted as saying
that `Absa would be `absolutely` open to a foreign takeover bid`.
Absa would like to point out that it is not in negotiations with any foreign
financial institution. Dr Booysen`s statement to Bloomberg is in line with
sentiments expressed previously by senior Absa officials that Absa would be
amenable to the idea of a foreign player expressing an interest in the Group.
Speculation that major foreign banks could enter the South African retail space
has been rife for some time and Dr Booysens comments simply referred to this.
Issued by:
Inquiries:
Frans du Toit
Group Executive Director
(011) 3504211
Willie Roux
Absa Group Limited
Investor Relations
4th Floor Absa Towers East
170 Main Street
Johannesburg 2001
Tel: 27(11)3504061
Fax: 27(11)3506487
Email: willier@absa.co.za
ingridl@absa.co.za
8 June 2004
Date: 08/06/2004 05:59:02 PM Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
