Market Chatter: StanChart to Sell Kenya HQ in Space-Efficiency Drive

MT Newswires Live

05/05

Standard Chartered (HKG:2888) placed on the market its head office in East Africa as part of a wider "space-efficiency program," a Monday report said.

Bloomberg News reported, citing a company statement, that the lender affirmed its long-term strategy in Kenya despite the planned sale of the seven-story building in Nairobi.

StanChart did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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