Nigeria, Aug. 18 -- Alain Nkontchou, a former chairman of Lome-based Ecobank Transnational Incorporated, acquired the 21.2 per cent interest held by Nedbank in the group, ending South Africa's fourth biggest lender's nearly 17-year partnership with the pan-African bank.

The Cameroonian financier, founder of London-based asset manager Enko Capital, completed the share purchase deal through Bosquets Investment Limited, his private investment vehicle.

The investment is worth $100 million, Nedbank said in a Friday statement.

"I am very pleased to have come thus far with the Ecobank Group, and I look forward to supporting the institution in advancing its strategic objectives of growth, transformation and returns," Mr Nkontchou said in a reg...