Banking on success
Article Abstract:
Consolidation and liberalization encouraged European banking institutes to undertake a large amount of merger and acquisition activity during 1999, with a total of $282 billion worth of deals eventually closed between January and December. The delicate nature of cross-border transactions was dealt with efficiently and effectively by a wide array of advisory firms who were able to provide expertise and financial backing for such deals.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Come the revolution
Article Abstract:
Some observers fear the French government's positive attitude to the hostile takeover bid by Banque Nationale de Paris (BNP), for Paribas and Societe Generale (SG), may inadvertently open the French market to foreign banks. But the government feels the deal will be good for the French market. BNP had already unsuccessfully tried to make deals with several other banking institutions. The takeover of Paribas and SG by BNP will create a bank with a market capitalisation of some $50 billion. SG had offered to buy Paribas for $18.2 billion prior to the BNP bid of $36 billion for the two banks.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Stretched Fig teams square up
Article Abstract:
Almost all European advisory houses could eventually become embroiled in the takeover bid for UK bank NatWest, as the number has already risen to 10 bidding groups, without the major competitive banks having formerly established acquisition teams. The latest bank to join the run for control of NatWest is former building society Abbey National, which has appointed a strong team, including Lehman Brothers and Warburg.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Storage controlled pile-up systems, theoretical foundations. Stack-up algorithms for palletizing at delivery industry
- Abstracts: Scarred CDU is turning to Merkel to overcome the disgrace of Kohl. BMW chooses site in East Germany for its new plant
- Abstracts: AOL to double its ad spending and puts account up for review. EarthLink says net loss widened in 3rd quarter
- Abstracts: William Hague's battle plan. William and the pendulum. William Hague, extremist
- Abstracts: Globalisation starts to add up. The beat goes on. Much done, more to come