Standard Bank May Sell Argentine Assets

Standard Bank may consider selling its operations in Argentina.

Standard Bank may consider selling its operations in Argentina, Financial Times reports. The South African company may consider the offers it has received for its businesses in Argentina.

Standard Bank purchased BankBoston’s Argentinean operations in 2007. It holds a 76.7% stake in Standard Bank Argentina. The remaining is owned by two Argentine families.

Click here for the story from Financial Times.