Standard Chartered Plc (STAN.L) said it completed the acquisition of the outstanding 75% interest of First Africa Group Holdings Ltd. on June 30, 2009.
Previously, the company had announced the acquisition of an initial 25% stake in First Africa in October 2006, with the option to increase the holding to 100% by 2011.
The company stated that the acquisition has significantly enhanced its capability to provide M&A and leveraged finance services to its international clients in African-related transactions.
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