Absa seeks East Africa acquisition by 2013: CEO
27 July 2012, 12:50
Johannesburg - Absa
Group is scouring East Africa for potential acquisitions and aims to
strike a deal by next year, the chief executive of the South African
bank said on Friday.
"East Africa is our next focus area and we are evaluating
acquisition opportunities in this region with a target date of first
quarter 2013," Maria Ramos said at the bank's first-half results
presentation in suburban Johannesburg.
The bank, which is majority owned by Britain's Barclays, already has a presence in Tanzania.