JOHANNESBURG, June 18 (Reuters) – Mercantile Bank Holdings
Ltd said on Monday that South Africa’s Capitec Bank,
Nedbank Group and a consortium including the state
pension fund had been shortlisted among its potential buyers.
Mercantile said in a statement the Public Investment
Corporation, Africa’s largest asset manager, is leading a
consortium seeking to buy the lender, which is owned by CGD, a
Portuguese state-owned banking group.
A total of 18 non-binding offers were received for
Mercantile, which specialises in serving entrepreneurs, and the
short-listed firms would conduct due diligence on the bank soon,
the lender said.
