M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Emirates NBD Reportedly Gets Approval for Due Diligence on Egypt's Banque du Caire
The Central Bank of Egypt has reportedly approved Emirates NBD to conduct due diligence on Banque du Caire, with Banque Misr reportedly seeking up to USD 1.2 billion for a 45% stake as part of Egypt's privatisation programme.
Greece's Piraeus Bank Agrees to Buy 90.01% of Ethniki Insurance in Bancassurance Expansion
Piraeus Bank has agreed to acquire a 90.01% stake in Ethniki Insurance from CVC for EUR 600 million.
Spain's Banco Santander Acquires 89.9% Stake in SME Credit Manager Tresmares Capital
Banco Santander has obtained regulatory approval to acquire an 89.9% stake in Tresmares Capital, a Madrid-based alternative financing and private equity platform.
National Bank of Canada and Canadian Western Bank Complete Legal Amalgamation
National Bank of Canada and Canadian Western Bank completed their legal amalgamation on 1 March 2025, forming a single pan-Canadian entity weeks after the acquisition closed in February.
HSBC Agrees to Sell Bahrain Retail Banking Business to Bank of Bahrain and Kuwait
HSBC has agreed to transfer its Bahrain retail banking operations — including around 76,000 customers — to the government-backed Bank of Bahrain and Kuwait, with completion expected by Q4 2025.
Egypt M&A Deal Volume Rises 27.3% in 2024 as Financial Sector Records 13 Inbound Transactions
Egypt's M&A deal volume rose 27.3% in 2024, with the financials sector recording 13 inbound deals, second only to materials, per Baker McKenzie data.
Stripe Completes $1.1 Billion Acquisition of Bridge to Expand Stablecoin Payments
Stripe has completed its $1.1 billion acquisition of Bridge, a stablecoin orchestration platform, in the payments company's largest-ever deal to date.
National Bank of Canada Completes C$5 Billion Acquisition of Canadian Western Bank
National Bank of Canada has closed its C$5 billion all-share acquisition of Canadian Western Bank, expanding its footprint in western Canada.
UMB Financial Completes $2 Billion Acquisition of Heartland Financial, Expanding Presence to 13 States
UMB Financial has closed its $2 billion acquisition of Heartland Financial USA, lifting total assets to approximately $68 billion and expanding its footprint from 8 to 13 states.
Ireland Raises €652 Million in January 2025 AIB Group Stake Sale
Ireland's Department of Finance sold a 5% stake in AIB Group via an accelerated bookbuild in January 2025, raising approximately €652 million.
Sweden's Sparbanken Västra Mälardalen and Sparbanken Rekarne Merge in Mälardalen Region
Swedish savings banks Sparbanken Västra Mälardalen and Sparbanken Rekarne have agreed to merge in the Mälardalen area.
Banca Monte dei Paschi di Siena Launches Unsolicited €13 Billion All-Share Bid for Mediobanca
Monte dei Paschi di Siena has launched an unsolicited all-share offer valuing Mediobanca at roughly €13 billion, conditional on MPS reaching at least two-thirds of Mediobanca's voting rights, a condition it can waive.