Bidvest Group Begins Search for Bidvest Bank Buyer, Aiming to Minimize Retrenchments
July 6, 2024
Bidvest Bank will prioritise a buyer who will make minimal retrenchments as the bank goes up for sale. The bank currently employs over 1,500 employees. Bidvest Group, the parent company of the bank, today announced that the bank and its financial migration services arm FinGlobal, will be sold as part of a restructuring process.
“Beyond looking for fair value of the asset, we will also…