Nedbank to Pay Transnet $34.8 Million to Settle Swap Dispute
Nedbank Group Ltd. has agreed to pay Transnet SOC Ltd. 600 million rand ($34.8 million) in a confidential commercial settlement, ending a year’s-long legal dispute over interest-rate swaps.
By Adelaide Changole, Ntando Thukwana · Bloomberg Markets
Nedbank Group Ltd. has agreed to pay Transnet SOC Ltd. 600 million rand ($34.8 million) in a confidential commercial settlement, ending a year’s-long legal dispute over interest-rate swaps.