Bloomberg News

Spring Bank of Nigeria in Talks With India’s ICICI, Three Others

June 14, 2011

June 14 (Bloomberg) -- Spring Bank Plc, a Nigerian lender, said it is in advanced talks with four investors, including ICICI Bank Ltd., India’s second-biggest bank, about a recapitalization.

Other investors include Cloudleap Partners LCC and CARAM Capital, Spring Bank said in an e-mailed statement today.

To contact the reporter on this story: Emele Onu in Johannesburg at eonu1@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net


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