Citigroup on Friday dismissed as “baseless speculation” a Bloomberg News report that its top executives were weighing the acquisition of a U.S. regional bank, saying it remains focused on organic growth...
Banking
UAE Central Bank clears Emirates NBD-RBL deal
RBL Bank announced on Wednesday that Emirates NBD Bank has received approval from the Central Bank of the United Arab Emirates for its proposed acquisition of a majority stake in the Indian lender. The approval also...
Kotak Bank set to acquire Deutsche’s retail business in Rs 4,500-crore deal
Kotak Mahindra Bank is one step closer to acquiring the India retail business of Deutsche Bank in a deal valued at about Rs 4,500 crore after being selected as the preferred buyer, multiple people familiar with the...
Kotak Mahindra Bank arm KMCC to sell part stake in Infina for Rs 1,294 crore
Kotak Mahindra Bank on Saturday said its wholly owned subsidiary Kotak Mahindra Capital Company Limited has entered into definitive agreements to sell part of its stake in Infina Finance Private Limited for an aggregate...
UniCredit weighs three options to potentially sweeten Commerzbank bid, Il Messaggero says
UniCredit is weighing three options to potentially sweeten its all-share takeover offer for Commerzbank, Italian daily Il Messaggero reported on Sunday without citing sources. A representative for UniCredit referred...
Government likely to restart IDBI Bank privatisation process from scratch
The government is likely to restart the IDBI Bank privatisation process de novo, or from scratch, after financial bids received came in below the reserve price and the exercise was called off last week, according to...
IDBI Bank divestment scrapped? LIC, govt-owned bank clarifies after stock tanks
IDBI Bank on Monday said it cannot confirm or deny media reports suggesting the government may scrap the proposed majority stake sale in the lender, stating that the strategic disinvestment process is confidential and...
IDBI Bank sale may stall as bids trail reserve price
The strategic sale of IDBI Bank may stall as financial bids for the lender are lower than the floor price set by the government, people familiar with the matter said. The Centre may now need to halt the disinvestment...
UK’s Savills buys Eastdil Secured for $1.1 billion to expand US presence but Middle East tensions hit shares
UK’s Savills said on Thursday it would buy real estate investment bank Eastdil Secured in a $1.1 billion deal, including debt, as it looks to expand in North America and deepen its capital-markets presence...
French bank Credit Agricole agrees to buy Ukraine’s Bank Lviv
French bank Credit Agricole has agreed to buy Ukraine’s Bank Lviv, it said on Wednesday, adding that the deal formed part of its strategy of supporting the reconstruction of Ukraine’s economy, which has...
Italy’s MPS, Mediobanca approve merger plans after boardroom crisis
Italian banks Monte dei Paschi di Siena (MPS) and Mediobanca have approved steps toward a full merger, after tensions among shareholders and directors over the plan led the MPS board to vote against retaining its CEO...
Buyout group CVC eyes stake in Belgian bank Belfius ahead of possible IPO, sources say
European private equity group CVC is weighing buying a stake in state-owned Belgian bank Belfius ahead of its possible listing, two people familiar with the matter told Reuters. The government is planning to sell a...
