Standard Bank says takes majority stake in Andisa

October 13, 2005

JOHANNESBURG (Reuters) - South Africa's biggest banking group, Standard Bank, has won approval from competition authorities to take a majority stake in investment and brokerage firm Andisa, the group said on Thursday...

Standard Bank said in a statement that South Africa's Competition Commission and Competition Tribunal had approved the increase of its stake in Andisa to 79 percent from 49 percent. It gave no financial details.

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