M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Nationwide Building Society Completes £2.9 Billion Acquisition of Virgin Money UK
Nationwide's £2.9bn takeover of Virgin Money UK, completed in October 2024, creates the UK's second-largest retail mortgage and savings provider.
UniCredit Raises Aggregate Commerzbank Position to Around 21% via New Financial Instruments
UniCredit raised its aggregate Commerzbank position to about 21%, combining a 9% direct stake with roughly 11.5% via financial instruments pending regulatory approval.
UniCredit Acquires Approximately 9% of Commerzbank Including German Government Stake
UniCredit has built a roughly 9% position in Commerzbank, partly via a government sell-down, and said it would seek approval to potentially exceed 9.9%.
Al Rajhi Bank Acquires 65% Stake in Saudi Fintech Drahim in Open Banking Deal
Al Rajhi Bank has taken a 65% majority stake in Drahim, the first acquisition of a controlling interest in a local fintech by a Saudi bank.
Vista Group completes acquisition of Societe Generale's Mozambique subsidiary
Vista has closed its purchase of Banco Société Générale Moçambique, which will be renamed Vista Bank Moçambique. The Burkina Faso leg of its December 2023 deal with Societe Generale remains pending.
Wintrust Financial Completes $510 Million Merger with Macatawa Bank Corporation
Wintrust Financial has closed its $510.3 million acquisition of Macatawa Bank, expanding to more than 200 banking locations across sixteen community bank subsidiaries.
BNP Paribas Enters Exclusive Talks to Acquire AXA Investment Managers for EUR 5.1 Billion
BNP Paribas has entered exclusive negotiations to buy AXA Investment Managers for EUR 5.1 billion.
ANZ Group Completes A$4.9 Billion Acquisition of Suncorp Bank in Australia
ANZ has completed its A$4.9 billion acquisition of Suncorp Bank following more than two years of regulatory review, a Competition Tribunal review, and enabling Queensland legislation.
Societe Generale Signs Agreement to Sell 93.43% Stake in SG Benin to the State of Benin
Societe Generale has signed an agreement to sell its 93.43% stake in SG Benin, including its Togo branch, to the State of Benin, with completion expected by end of Q1 2025.
Attica Bank and Pancreta Bank Announce Merger by Absorption
Attica Bank and Pancreta Bank formally announced a merger by absorption in July 2024, under an agreement between the Hellenic Financial Stability Fund and Pancreta shareholder Thrivest Holding.
Eastern Bankshares Completes Cambridge Bancorp Acquisition
Eastern Bankshares finalised its acquisition of Cambridge Bancorp, expanding its wealth management business.
UBS Completes Merger of Swiss Entities, Absorbing Credit Suisse (Schweiz) AG on 1 July 2024
UBS completed its Swiss domestic merger on 1 July 2024, deregistering Credit Suisse (Schweiz) AG and absorbing all its rights and obligations into UBS Switzerland AG.