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...
Marwadi Chandarana to buy 75% stake in TruCap Finance for Rs 207 crore
Marwadi Chandarana Intermediaries Brokers has entered into an agreement to acquire 75 per cent stake in non-banking financial company TruCap Finance with an investment of Rs 207 crore. This investment includes a mix of...
US investment firm Redbird agrees to buy Britain’s venerable Telegraph newspaper
LONDON (AP) — A consortium led by U.S. investment firm RedBird Capital Partners has agreed to buy the publisher of Britain’s 170-year-old Daily Telegraph newspaper for about 500 million pounds ($674 million), the two...
Jordan’s Bank al Etihad to buy smaller Investbank, bank officials say
Jordan’s Bank al Etihad has acquired smaller peer Investbank in a deal that will create one of the kingdom’s biggest lenders, bank officials said on Thursday. The two banks’ boards agreed to a stock...
KBC to buy Slovakia’s 365.bank in deal valuing it at 761 million euros
Belgian bank KBC Groep said on Thursday it has reached a cash agreement to acquire 98.45% of 365.bank, in a deal valuing the Slovakia-based lender at 761 million euros ($852 million). KBC said the acquisition will help...
