Chinese businessman purchase of Banif Investment Bank – publico

 
         

                 

                         
                     

                 

 
 

Octant announced Thursday that it sold the Banif – Banco de Investimento (BBI) to Bison Capital. Without revealing the amount of business, the company set up to group the assets that Santander did not want when it bought Banif ensured that the new owner of the bank has pledged to inject 10 million euros in BBI, the first from the date of implementation of this business.

“the Octant selected the proposal submitted by Bison Capital Financial Holdings (Hong Kong) Limited, being the one that presented the most favorable conditions for the maximization of the BBI sale, including the provision of a value of purchase exceeds the book value of BBI’s capital “, announced the company

in January, Banif -. Investment Bank (BBI), which had passed to the Octant-based company for the resolution Banif (announced on 20 December), conducted a capital increase of EUR 29.4 million, leaving an equity of 114.4 million euros.

the institution, which was on sale since April, he aroused the Chinese businessman interest Peixin, who has entered into a purchase and sale of shares last week. Completion of the transaction is still pending regulatory authorizations.

If the deal goes through, Peixin Xu, Chinese businessman who, according to Bloomberg, is also researcher at Peking University, will hold 100% of the Bank the former Banif Investment. According to Bloomberg, Peixin Xu made his career in the information technology sector and has several investments in this area as well as in the media.

Following the resolution of Banif, part of the bank’s assets passed for Santander Totta for 150 million euros, but the assets that the bank would not, as Açoreana Insurance, recently bought by Tranquility, and BBI, among others, were transferred to the Octant.

you the positions of shareholders and bondholders subordinates Banif, as well as the bank’s operations in Cape Verde and Brazil, were gathered at Banif SA, the “bad bank”, which in the future is expected to be paid.

Just this week was to know that the Brazilian bank BTG Pactual gave up the purchase of Banif Brazil, citing lack of conditions for the transaction.

about a month the bank had confirmed that he was in talks to buy the Brazilian operations of Banif, coming to present a non-binding offer. However, on Wednesday, it came to announce that the operation was without effect by “not check the conditions precedent contained in the proposal.”