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Absa has announced plans to establish a physical presence in China through a non-banking subsidiary that will offer advisory services. The new subsidiary will be based in Beijing and aims to assist Chinese clients and stakeholders in concluding transactions across Africa. Absa said this move reflects its broader commitment to…

Canal+ has revealed its non-binding indicative offer to acquire the pay-TV powerhouse, MultiChoice in South Africa, with an approximate value of R31.7 billion. Thursday saw Canal+ release a statement indicating its proposal to purchase all outstanding ordinary shares of MultiChoice, conditional on the necessary regulatory approvals. Canal+ offered R105 per…

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