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African Bank Prioritizes Restructuring, Delays IPO

By Linda Chiem ( December 10, 2014, 12:23 PM EST) -- African Bank Investments Ltd. said Wednesday it is suspending an initial public offering in Johannesburg, South Africa, of the "good" lending assets belonging to the collapsed African Bank Ltd. that were intended to establish a new private bank as ABIL works out details of a restructuring plan....

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