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Malawi’s First Merchant Bank Announced It Is In Exclusive Discussions To Buy Barclays Bank Zimbabwe

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Backlays Plc has sold its majority stake in its Zimbabwean operation to Malawi’s First Merchant Bank (FMB), putting an end to months of a fierce bidding war to take over one of the country’s iconic financial institutions, according to reports. The First Merchant Bank announced it is in exclusive discussions to buy Barclays Bank Zimbabwe. FMB…



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