South Africa · FINANCE
Key Facts
—What happened FirstRand is preparing to sell its United Kingdom specialist lender Aldermore, which it bought for £1.1 billion (about US$1.46 billion) in 2017 and completed acquiring in March 2018.
—The reported windfall A R35 billion (about US$2 billion) windfall for FirstRand shareholders has been cited, but verified reporting does not independently confirm that specific figure.
—The suitors Reuters reported on 22 June 2026 that Lloyds Banking Group was exploring a bid, while Metro Bank and CVC Capital Partners were also named as interested parties.
