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Recent Deals
77 on Independence

Standard Bank Namibia financed the development of 164 residential units and 1,343,sqm retail area in a high rise building known as 77 On Independence. The development loan of N$ 166 m is required for a 24 month period on a cost to complete basis and will be paid in full on maturity from the net sales income generated from the sale of the subject units.

Advisory to Food Concepts Plc

Stanbic IBTC facilitated a strategic partnership between Food Concepts Plc, a Nigerian-based company and Pioneer Foods (South Africa) which culminated in a capital injection of USD7 million into Food Concept’s baked goods business.

Oceana Group Limited - R4.6-billion

Standard Bank is proud to have played a key role in expanding the Oceana Group’s international footprint through its R4.6-billion acquisition of Daybrook Fisheries, a leading fishing company in the USA. The acquisition was completed in July 2015. Oceana is the largest fishing group in Africa, listed on the JSE with a market capitalisation of R14-billion (US$1-billion).

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