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Tue, Aug 24, 2010 - Page 10 News List

HSBC in talks for 70% of South Africa’s Nedbank

REUTERS , JOHANNESBURG AND HONG KONG

The bank this month posted flat first-half earnings and said it would struggle to meet its medium-term forecasts.

Shares of Nedbank surged 6.7 percent to 139.90 rand in Johannesburg, while Old Mutual gained 4.1 percent in London.

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