Hypo Vereinsbank faces threat to BPH takeover
Article Abstract:
Bayerische Hypo-&Vereinsbank AG of Germany could experience regulatory difficulties as it attempts to implement its $800 million acquisition of Poland's Bank Pzemyslowo-Handlowy SA (BPH). Minority investors in BPH claim that their rights as stockholders are being violated by the deal. Hypo asserts that it has reached a deal with the Polish government to raise its share in the bank to more than 50% without having a public share tender. However, Polish securities law states that an investor must tender for all outstanding stock in a listed firm, providing that the stake rises over 50%. The only exception is when a majority share is purchased by way of a privatization.
Comment:
Hypo could experience regulatory difficulties as it attempts to implement $800 mil acquisition of BPH
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Fortis chief warns Allianz of the perils of Bancassurance
Article Abstract:
Allianz AG plans to play a big role in bancassurance with its takeover of Dresdner Bank AG, but Maurice Lippens, co-chairman of Fortis Group, warns that it might take two years at least before a merger of the banking and insurance businesses yield any results.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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DGZ is in discussions to buy Berliner Sparkasse
Article Abstract:
DGZ-DekaBank Deutsche Kommunalbank is engaged in negotiations to acquire Berliner Sparkasse from its Bankgesellschaft Berlin AG parent firm. DGZ is one of Germany's leading public-sector banks.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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