(Reuters) - South-African investment bank Investec said on Wednesday it has agreed to buy British lender Kensington Group Plc, securing a foothold in the UK's "sub-prime" mortgage market.
Investec agreed to buy Kensington in a share and dividend deal worth around 273 million pounds and plans to inject money into the company, which said trading was challenging in the face of stiff competition from other lenders.
Read more at Reuters Africa
Investec agreed to buy Kensington in a share and dividend deal worth around 273 million pounds and plans to inject money into the company, which said trading was challenging in the face of stiff competition from other lenders.
Read more at Reuters Africa
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