Banking And Finance NEWS

Troubled Spanish lender Bankia sells Mexican car financing arm

Spanish lender Bankia SA said on Thursday it had entered into a EUR9.7m (USD12.1m) deal to sell its car financing unit Finanmadrid Mexico to Mexican bank CI Banco. Bankia is disposing of the … Continue reading “Troubled Spanish lender Bankia sells Mexican car financing arm”


NBNK revises offer for 632 Lloyds Bank branches

British banking investment vehicle NBNK Investments Plc (LON:NBNK) said on Wednesday it had tabled a revised offer to buy the retail and commercial business Project Verde of Lloyds Banking Group Plc (LON:LLOY) before … Continue reading “NBNK revises offer for 632 Lloyds Bank branches”


UK private equity firm Pamplona acquires 5% stake in Italy’s UniCredit

UK-based private equity fund Pamplona Capital Management LLP said it had built a 5% stake in Italian lender UniCredit SpA (BIT:UCG) and became the bank’s second largest investor. The Abu Dhabi investment fund … Continue reading “UK private equity firm Pamplona acquires 5% stake in Italy’s UniCredit”


Standard Chartered interested in buying Barclays Indian arm

Standard Chartered Bank India, a unit of British Standard Chartered Plc (LON:STAN), is leading a race to buy some INR25bn (USD438m/EUR351m) worth of retail operations of rival Barclays Plc (LON:BARC) in India, according … Continue reading “Standard Chartered interested in buying Barclays Indian arm”


Spanish Banco Santander completes disposal of Columbian unit

Spain’s Banco Santander SA (MCE:SAN) said on Monday it had concluded the second and final phase of the sale of its Colombian business to Chilean lender CorpBanca (SCL:CORPBANCA). In early December 2011, Santander … Continue reading “Spanish Banco Santander completes disposal of Columbian unit”


Morgan Stanley unit invests in India’s Continuum Wind Energy

Morgan Stanley Infrastructure Partners, a unit of US investment banking major Morgan Stanley (NYSE:MS), has agreed to invest INR12bn (USD210m/EUR167m) in Continuum Wind Energy, acquiring a majority stake in the Indian wind power … Continue reading “Morgan Stanley unit invests in India’s Continuum Wind Energy”


UK engineering firm Invensys terminates talks with potential buyers

British engineering group Invensys Plc (LON:ISYS) confirmed on Thursday it had been in very early talks with third parties interested in buying it, including US Emerson Electric Co (NYSE:EMR), but the negotiations had … Continue reading “UK engineering firm Invensys terminates talks with potential buyers”


Private equity sponsor KKR agrees to acquire Prisma Capital

US private equity major KKR & Co LP (NYSE: KKR) said it had entered into an agreement to buy Prisma Capital Partners LP, an alternative investment manager focused on providing customised hedge fund … Continue reading “Private equity sponsor KKR agrees to acquire Prisma Capital”


AXA Private Equity to seeks buyout stakes with $7bn fund

As financial firms and banks are seeking ways to exit their private equity investments, French insurer AXA SA’s (EPA:AXA) investment unit has put together a USD7.1bn (EUR5.6bn) fund to take advantage of this … Continue reading “AXA Private Equity to seeks buyout stakes with $7bn fund”


British bank Lloyds to dispose of Japanese GoLloyds unit

British lender Lloyds Banking Group Plc (LON:LLOY) announced on Tuesday it will dispose of its remittance operations in Japan, called GoLloyds, to local Shinsei Bank Ltd (TYO:8303) for a non-specified sum. The sale … Continue reading “British bank Lloyds to dispose of Japanese GoLloyds unit”


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