Bloomberg News

FirstRand Still Looking to Buy Nigerian Bank, Business Day Says

June 07, 2011

June 7 (Bloomberg) -- FirstRand Ltd. is looking into other opportunities to buy a bank in Nigeria after talks about acquiring a majority stake in the country’s Sterling Bank Plc ended unsuccessfully, Business Day reported, citing Sam Moss, FirstRand’s head of investor relations.

FirstRand will not start a Nigerian bank from scratch, the Johannesburg-based newspaper cited Moss as saying.

To contact the reporter on this story: Franz Wild in Johannesburg at fwild@bloomberg.net

To contact the editor responsible for this story: Agnes Nikoi at anikoi@bloomberg.net


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