KM Financial Solutions | UPDATE 1-S.Africa’s Discovery to buy FirstRand’s Discovery Bank stake for $120 mln
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UPDATE 1-S.Africa’s Discovery to buy FirstRand’s Discovery Bank stake for $120 mln

UPDATE 1-S.Africa’s Discovery to buy FirstRand’s Discovery Bank stake for $120 mln

South African insurer
Discovery Ltd said on Tuesday it would buy FirstRand’s
25.01 percent interest in the much-anticipated
Discovery Bank as well as related rights and assets for 1.8
billion rand ($120 million).

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