Stanbic IBTC’s Shares Traded In Block Deal Worth $195m

Some 1.14 billion shares of Stanbic IBTC Holding were sold at N53.75 each the stock exchange said on Friday in a block deal valued at about $195 million.

The deal was negotiated trade between seller Rencap Securities Ltd and buyer Stanbic IBTC Stockbrokers Ltd. Stanbic IBTC Holding’s shares closed at N46.60.

Stanbic IBTC, is the local subsidiary of South Africa’s Standard Bank.

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