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flag FDH Bank of Malawi acquires a controlling stake in Ecobank Mozambique, aiming to expand regionally.

flag Malawi's FDH Bank PLC is acquiring a controlling 98.87% stake in Ecobank Mozambique SA from Ecobank Transnational, marking a significant step in FDH Bank's expansion plans. flag The deal, valued at about 0.7% of FDH Bank's market cap, is expected to finalize within the 2025 financial year, pending final conditions. flag This acquisition aims to enhance FDH Bank's market presence and diversify its revenue streams, supporting its goal to become a major regional banking player.

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