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Article: HSBC confirms Dar Es Salaam talks.(HSBC Holdings PLC., Dar Es Salaam Investment Bank.)(Brief Article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- May 20, 2005
CopyrightCOPYRIGHT 2005 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HSBC has finally confirmed that it is negotiating to take a majority stake in the local Dar Es Salaam Investment Bank, following earlier denials. No further details were provided by HSBC but previous reports have indicated that the international bank is looking to take a 51 per cent stake in Dar Es Salaam, which is currently owned by the Khudairy family. HSBC, along with Standard Chartered Bank (SCB) and National Bank of ...