trending Market Intelligence /marketintelligence/en/news-insights/trending/vQxxFtFPK_zPU6C5eaq9fg2 content esgSubNav
In This List

Standard Bank to float 16% stake in Namibian unit

Blog

Banking Essentials Newsletter: September Edition

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

Blog

Post-Webinar Q&A: Integrating Climate Risks into Credit Risk Portfolios

Blog

Insight Weekly: Hurricane Ida impact; banks seek PPP forgiveness; commodities boom disruption


Standard Bank to float 16% stake in Namibian unit

Standard Bank Namibia Ltd. plans to list on the local stock exchange through the sale of a 16% stake in an IPO for 8.90 Namibian dollars per share, The Namibian reported.

The planned offering is slated for Nov. 15, the report noted. The shares to be sold are among the 90% held by South Africa's Standard Bank Group Ltd. and will comprise 22 million new shares and 58 million existing shares.

As of Oct. 11, US$1 was equivalent to 14.75 Namibian dollars.