M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Saudi Banks Pursue Fintech Acquisitions to Build Digital Capabilities Under Vision 2030
Saudi Arabia's banks have entered an active phase of fintech consolidation in 2024, acquiring digital capabilities to meet Open Banking requirements as cashless transactions reach 79%.
GTCO Raises N369 Billion in First Tranche of CBN-Mandated Recapitalisation on Nigerian Exchange
Guaranty Trust Holding Company raised N369 billion on the Nigerian Exchange in the first tranche of its recapitalisation, working toward the CBN's N500 billion minimum for international banks.
Standard Chartered Explores Sale of Retail Banking in Botswana, Uganda, and Zambia
Standard Chartered has announced plans to explore the sale of retail and wealth banking in Botswana, Uganda, and Zambia as CEO Bill Winters' strategic refocus on higher-return markets continues.
Access Bank Completes Acquisition of Standard Chartered's Angola and Sierra Leone Subsidiaries
Access Bank has completed the takeover of Standard Chartered Angola SA and SC Sierra Leone Limited, a deal first signed in July 2023 and disclosed on the Nigerian Exchange Limited.
Nordea Completes Acquisition of Danske Bank's Personal and Private Banking Business in Norway
Nordea has completed its takeover of Danske Bank's Norwegian personal and private banking operations, reinforcing its position as the leading Nordic bank in Norway.
Nordea Completes Acquisition of Danske Bank's Norwegian Personal and Private Banking Business
Nordea has completed the migration of 235,000 customers from Danske Bank's Norwegian retail and private banking unit, adding €9 billion in lending and €3 billion in deposits.
Italy's Banco BPM Launches €1.6 Billion Cash Tender Offer for Asset Manager Anima Holding
Banco BPM has launched a voluntary public cash tender offer for Italy's Anima Holding at €6.20 per share, valuing the deal at €1.6 billion and aiming to take the asset manager private.
UK Government Raises GBP 800 Million from 2.8% NatWest Stake Sale via Accelerated Bookbuild
HM Treasury has sold a 2.8% stake in NatWest Group through an accelerated bookbuild, raising approximately GBP 800 million and further reducing the government's post-bailout holding.
Access Bank UK Bids to Acquire 76% Majority Stake in AfrAsia Bank Mauritius to Extend African-Asian Financial Corridor
Access Bank UK announced a bid to acquire a 76% majority stake in AfrAsia Bank Mauritius in November 2024, subject to approvals from the Bank of Mauritius and the FSC.
Japan's SBI Holdings Deepens Regional Bank Strategy with Stakes in Nine Lenders
SBI Holdings has taken stakes in nine Japanese regional banks as part of CEO Yoshitaka Kitao's strategy to digitise and sustain lenders facing demographic headwinds and subdued loan demand.
Indonesia's BNI Completes Acquisition of Bank Mayora in State-Backed Consolidation Drive
State-owned PT Bank Negara Indonesia has completed its acquisition of PT Bank Mayora from the Mayora Group, advancing Indonesia's regulator-backed banking sector consolidation strategy.
Vietnam's MB Bank Completes Mandatory Takeover of OceanBank Under State Bank Directive
MB Bank completed the mandatory transfer of OceanBank on 17 October 2024, making the troubled lender a wholly owned subsidiary under a State Bank of Vietnam zero-dollar resolution.