Mergers and acquisitions during the first half of this year were not what investment bankers had hoped for, but a burst of big deals in Asia and renewed optimism in U.S. markets could be paving the way for megadeals...
Banking
UK Mobile Bank Starling Looking to Buy a US Lender in Expansion
Starling Bank, one of the UK’s largest mobile-only banks, is looking to buy a nationally chartered bank in the US to continue the firm’s expansion in the market, according to a person with knowledge of the matter. The...
JAL insolvency: Five firms submit bids to acquire bankrupt firm
Jaiprakash Associates Ltd (JAL) on Wednesday said it has received five bids along with earnest money for the acquisition of the company through the insolvency process. In a regulatory filing, Jaiprakash Associates Ltd...
Santander to sell seven Pennsylvania branches to Community Bank
Santander said on Wednesday it had agreed to sell seven branches in the Allentown, Pennsylvania area to U.S.-based Community Bank as the Spanish lender pivots towards becoming a digital-first bank in the United States...
Metro’s biggest shareholder open to selling stake, sources say
Colombian billionaire Jaime Gilinski Bacal is open to selling his majority stake in British lender Metro Bank and has received interest from investors, two people with knowledge of the matter said. Gilinski, who sits on...
EU regulators clear with conditions UniCredit’s acquisition of Banco BPM
EU antitrust regulators on Thursday approved with conditions Italian bank UniCredit’s takeover of rival Banco BPM. UniCredit agreed to sell 209 branches in northern Italy to allay competition concerns...
Mediobanca postpones Monday’s investor vote on Banca Generali to September 25
Italian merchant bank Mediobanca said on Sunday it had postponed Monday’s shareholder meeting to vote on its bid for Banca Generali to September 25 after some investors requested more information. Mediobanca in...
France’s BPCE agrees deal to buy Portugal’s Novo Banco for $7.4 billion
France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal’s Novo Banco, including a 75% stake held by U.S. private equity firm Lone Star, BPCE and Lone Star said on Friday. The...
Lone Star to sell Portugal’s Novo Banco to French BPCE, report says
U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that would value Portugal’s fourth-largest lender at around 7 billion euros ($8.14...
UniCredit disposals set to win EU nod for Banco BPM deal, sources say
Italian bank UniCredit is expected to win European Union antitrust approval for its Banco BPM takeover bid after offering to divest 206 branches to ease competition concerns, people with direct knowledge of the matter...
Mizuho to acquire Avendus from KKR at $700 million valuation
Mizuho Financial Group is set to acquire KKR-backed Avendus Capital, valuing the homegrown investment bank at Rs 6,000 crore ($700 million), ending months of protracted negotiations with several twists and turns, said...
CCI Clears Major Stake Acquisitions in Indian Bank and Global Advertising Giant
The Competition Commission of India (CCI) has approved private equity firm Warburg Pincus’ acquisition of a 10% stake in IDFC First Bank via Currant Sea Investments BV, enabling significant growth. Additionally...
