Major bank in South Africa ‘discontinued’

BusinessTech

Bidvest Group has classified Bidvest Bank as a discontinued operation in its latest financial results, preparing for its sale to Access Bank. The Financial Services segment was dismantled, with Bidvest Bank and FinGlobal up for sale. Access Bank agreed to acquire Bidvest Bank for R2.8 billion, expanding its reach as a full-service commercial bank with a global presence.

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