Standard Bank to acquire the remaining stake in Liberty Holdings for $729m.

Standard Bank Group, a financial services company, agreed to acquire the remaining stake in Liberty Holdings, a financial and insurance services provider, for $729m. “The integration of Liberty into Standard Bank Group enhances our ability to meet our clients’ financial needs, making possible holistic advice and competitive solutions for them, especially during major transition points in their lives. This transaction creates significant opportunities for capital efficiencies and to grow the united group by providing a fully integrated set of client offerings throughout SBG’s operations across Africa," Sim Tshabalala, SBG CEO.