Ansbacher bank goes on sale for around £100 million
According to the South African bank First Rand Group, it has decided to sell the Cayman Islands-based Ansbacher because it no longer fits in with its expansion plans, and believes it will perform better in the hands of new owners.
“We are evaluating a range of possibilities for the business, including finding a strategic partner who can facilitate and support Ansbacher's international expansion plans,” said First Rand chief executive Laurie Dippenaar in a statement.
