Haldane McCall Plc
Haldane McCall Plc: Haldane McCall PLC announces bids for two banks
Haldane McCall Plc / Key word(s): Letter of Intent/Acquisition 23.04.2012 / 11:00 --------------------------------------------------------------------- Press Release 21 Haldane McCall PLC announces bids for two banks Haldane McCall PLC, a European Company investing in emerging markets in Africa, has to¬day announced its bids for the following businesses in line with its acquisition strategies in core business areas. 1. A bid of Euro 2million has been made for a 60% stake in one of Nigeria's major micro finance banks with a national licence. On completion the bank will be merged with the existing Independent Prolific Micro Finance bank to form one of Nigeria biggest micro finance banks to be renamed MHK Microfinace Bank PLC. 2. A bid of Euro 10million has been made for a 40% stake in one of Nigeria Largest Saving and Loan Banks. A further announcement will made to the market once the take over complete. ABOUT HMK Haldane McCall PLC is a European Company investing in emerging markets, primarily in Africa. HMK invests in real estate in the low cost housing segment in West Africa. The Group operates the Best Western hotel brand in West Africa. The Company owns one Best Western hotel and controls several others via franchise licensing in Nigeria. HMK operates own Suru Express hotels in West Africa. HMK has dedicated subsidiaries for real estate (Suru Homes Ltd.) and dedicated financial services (Independent Prolific Micro Finance Bank Ltd.) to provide a full package -from financing to sale- to the lower income population in Africa. In addition HMK invests in real estate and hotels in selected European metropolises. Please send enquiries to: info@haldanemccallplc.com or visit our website: www.haldanemccallplc.com Safe Harbor Statement; The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time. End of Corporate News --------------------------------------------------------------------- 23.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 166020 23.04.2012
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