Oman’s Sohar International Bank said on Monday it plans to explore a merger with smaller rival Ahli Bank SAOG, in a potential deal that would create a lender with around 11.1 billion Omani rials ($28.84 billion)...
Banco BPM secures 89.9% stake in Anima Holding after tender offer
Italy’s Banco BPM on Friday secured more than the two-third majority threshold set for its buyout offer for asset manager Anima Holding required to reap the maximum benefits from the deal. Bourse data and Reuters...
Mexico’s Inbursa sells 49.9% stake in STM Financial to Stellantis subsidiary
Mexican bank Grupo Financiero Inbursa said it will sell a 49.9% stake in its automotive finance unit STM Financial to Fidis, a subsidiary of car manufacturer Stellantis. Inbursa, owned by Mexican tycoon Carlos Slim...
ICICI Bank to exit from ICICI Merchant Services Pvt Ltd
ICICI Bank has said it plans to exit from its associate ICICI Merchant Services Private Limited by selling the entire 19 per cent stake in the company. The bank has executed a share purchase agreement with First Data...
UBS completes merger of Credit Suisse Service Company entities in India
UBS on Tuesday said it has concluded the merger of Credit Suisse Service Company entities with UBS Business Solutions in India. This marks a milestone in UBS’s broader integration journey, bringing together a...
Brazil’s BRB only acquiring key assets from Banco Master, CEO says
Government-controlled Banco de Brasilia (BRB) only agreed to acquire the healthiest and most strategically relevant assets from fellow lender Banco Master after months of negotiations, BRB CEO Paulo Henrique Costa said...
Hungary should sell its stake in MBH Bank, economy minister says
The Hungarian state should sell its 20% stake in MBH Bank, the country’s second-largest lender, in a potential upcoming share offering, the economy minister Marton Nagy said on Monday. Bloomberg reported last week...
Federal Bank signs pact to acquire additional 4 pc stake in Ageas Federal Life Insurance
Federal Bank on Friday said it has signed an agreement to acquire an additional 4 per cent stake in Ageas Federal Life Insurance Co Ltd (AFLIC) from Ageas Insurance International. In a BSE filing, Federal Bank said it...
DBS leading race to buy controlling stake in Indonesia’s Panin Bank, sources say
DBS Group, Southeast Asia’s top bank by assets, is the frontrunner to buy a controlling stake in Indonesia’s Panin Bank, three people with knowledge of the matter said. The Singapore lender was competing...
France’s Credit Mutuel to buy German bank IPO candidate OLB
French banking group Credit Mutuel Alliance Federale is buying German lender Oldenburgische Landesbank (OLB), a surprise move after the northern German bank for years considered a listing on the stock exchange. The...
Safra Sarasin Group to buy majority stake in Saxo Bank
Swiss private bank J. Safra Sarasin Group has agreed to buy 70% of Denmark’s Saxo Bank in a deal valued at around 1.1 billion euros ($1.19 billion), Saxo Bank said on Monday. Reuters reported last year that the...
Russian banker Kim boosts car leasing, finance portfolio with VW bank buy
Russian banker Igor Kim has acquired Volkswagen Bank Rus, the German automaker’s former finance arm in Russia, federal tax documents showed, adding to the businessman’s growing portfolio that includes...
