The Financial Times reveals today that the favorite to acquire the New Bank are the Chinese Fosun or Anbang, the ones who are willing to pay more than 4.0 billion euros by the financial institution.
Citing various sources, the British newspaper says that the New Bank “is destined to fall into the hands of Chinese, to pay more than 4.0 billion euros, making the largest acquisition of a European financial company from China” .
The largest investment by a Chinese group in financial services in Europe to date was the purchase of a stake of 2.6% in Barclays in 2007 by the China Development Bank for 3.0 billion euros , according to Dealogic.
The operation, coordinated by BNP Paribas, is at the stage of submission of binding proposals, a process that is scheduled by June 30, and after lapse of the period, the Bank of Portugal is expected to announce the winner, which the Financial Times (FT), will be Fosun or Anbang.
In addition to the Chinese, are also in the race to buy the New Bank, says the FT, the Spanish Santander and US funds Apollo and Cerberus, and are currently in a phase of ‘due diligence’, ie in contact with the bank to meet its financial situation, equity and others.
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