Euro banks are highlight of Lyonnais sale
Article Abstract:
The complex rescue package agreed with the French government to save state-owned Credit Lyonnais will provide good opportunities for potential acquirors, particularly those in the banking sectors. The agreement requires Lyonnais to refocus on its core French banking business and divest much of its overseas banking network as well as its considerable investments in French industry. The bank has already sold Bank Lombarda in Italy and other disposals will be necessary. The French government expects to privatise Credit Lyonnais within five years.
Publication Name: Mergers & Acquisitions International
Subject: Business, international
ISSN: 1066-3525
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Unitas takes over KOP
Article Abstract:
The deal between Finnish banks Kansallis-Osake-Pankki (KOP) and Union Bank of Finland (Unitas) is officially being called a merger, but observers are pointing out that in reality Unitas is acquiring KOP, which has virtually collapsed. Unitas itself is not particularly financially strong, but the new combined bank will have assets of 300 billion Finnish marks.
Publication Name: Mergers & Acquisitions International
Subject: Business, international
ISSN: 1066-3525
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The media are missing Hong Kong's story. Strident voices tempered in values debate. Values debate is a facade for genuine tensions
- Abstracts: New criminal inquiry set in Barings report's wake. The twilight of British colonial rule casts shadows on the Hong Kong Club
- Abstracts: Fixed-income pros: beware of shrinkage. Australia's Anzoil places all bets on Vietnam project. Tanoto Group had derivatives hit
- Abstracts: Chang aims to expand role of Taiwan on world stage. Experts warn of pitfalls in latest craze in Taiwan over newly issued warrants