Standard Chartered mulls sale of 3 African units

Standard Chartered mulls sale of wealth, retail operations in Africa
By Rishav Chatterjee (Reuters) -Standard Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant looks to free up capital in the midst of a broad shake-up.
Standard Chartered eyes sale of three African retail banking businesses
Standard Chartered eyes sale of three African retail banking businesses - The London-listed lender is in the middle of a restructure, reining in its mass retail business and simplifying the group.
Standard Chartered explores the sale of a small number of businesses to boost investment in its affluent franchise
Standard Chartered PLC (the Group) announces the first in a small number of potential business exits to fund incremental investment in its leading wealth management business. This aligns with the refreshed strategic priorities shared in the Group’s third quarter 2024 (Q3’24) results,
Standard Chartered Plans Strategic Business Sales in Africa
Standard Chartered (GB:STAN) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium -
Standard Chartered mulling sale of wealth and retail banking operations in Africa
Standard Chartered on Wednesday said it was exploring to potentially divest its wealth and retail banking operations in Botswana, Uganda and Zambia.
Standard Chartered mulls sale of wealth, retail operations in Uganda
Mr Sanjay Rughani, the Standard Chartered Bank Uganda chief executive officer, said Wednesday evening that they had started the process of selling off the business arm of wealth and retail banking services, which is expected to be completed in about 18 to 24 months. “We are still waiting for regulatory approval,” he said.
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