Stanbic Bank Uganda IPO November 24th to December 22nd 2006

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Stanbic Bank (U) Ltd opened the initial public offer (IPO) to sell 20% of its shares to the public on Friday 24th November 2006. The IPO will be close on December 22nd 2006 and shares are expected to begin trading on the Uganda Securities Exchange about January 25th 2007.

The IPO share price has been set at Shs 70 and the Bank hopes to raise Shs 70b from the IPO.

Stanbic Bank has been the most profitable bank in Uganda in the recent past. The bank has also successfully managed the integration of its business with the former Uganda Commercial Bank Ltd (UCBL) which it acquired during a re-privatization process.

To down load the IPO prospectus and application form please click here http://www.stanbicbankipo.com/downloads.html

If you need to talk to a broker then mail peterm@renaissance.co.ug or info@mbea.net

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