trending Market Intelligence /marketintelligence/en/news-insights/trending/l30jkqtas4cafhemacy5uw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Report: Crane Bank receives several takeover bids

L.K. Bennett: Bankruptcy Case Study

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry


Report: Crane Bank receives several takeover bids

A minimum of six financial institutions are bidding to buy Uganda's Crane Bank Ltd., with sale discussions already at advanced stages, the Daily Monitor reported Dec. 19, citing "highly placed sources."

The six bidders reportedly include dfcu Ltd.-owned dfcu Bank Ltd., Barclays Plc-owned Barclays Africa Group Ltd., FirstRand Ltd.-owned First National Bank of South Africa, Aethel Partners and General Equity, with the identity of the sixth bidder not confirmed. All the bidders except for General Equity have already signed a nondisclosure agreement, which allows interested parties to move to the next stage of the talks, according to the Daily Monitor.

The Bank of Uganda recently took over the management of the lender because it was undercapitalized.