M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
MPS board said Intesa’s higher bid left uncertainties for investors
Monte dei Paschi’s board said Intesa Sanpaolo’s revised €34 billion takeover bid still left uncertainties, sharpening focus on a shareholder vote scheduled for 29 October.
Türkiye Wealth Fund signed transfer deals for two participation banks
Türkiye Wealth Fund signed agreements to transfer Ziraat Katılım and Halk Katılım shares into a common holding company, with completion planned by year-end after regulatory processes.
Byline agreed $87.9 million purchase of Illinois State Bancorp in Chicago
Byline Bancorp agreed to acquire Illinois State Bancorp for about $87.9 million, adding four branches and lifting the combined Chicago-area franchise to approximately $10.5 billion of assets.
Banque du Caire announced proposed 30% Egypt listing for November
Banque du Caire announced plans to sell a 30% stake through 4.575 billion existing shares, with subscriptions expected in late October and trading in November, subject to approvals.
Unipol received regulatory approval for de facto control of Italy’s BPER
The ECB and Bank of Italy authorised Unipol to exceed 20% of BPER’s capital and voting rights, enabling the insurer to acquire de facto control of the Italian lender.
UniCredit sought EU antitrust approval for its proposed Commerzbank takeover
UniCredit sought European Commission antitrust approval for its proposed Commerzbank takeover, opening a preliminary review with a 16 November deadline for the EU regulator’s decision.
Scotchstone considered rival Permanent TSB offer before BAWAG court hearing
Scotchstone Capital said it was considering an offer for Permanent TSB, adding a second potential challenger to BAWAG’s agreed €1.62 billion acquisition before an Irish court hearing on 27 October.
Third Coast agreed $239.6 million Great Plains acquisition to enter Oklahoma
Third Coast Bancshares agreed to acquire Great Plains Bancshares for about $239.6 million in shares, creating a bank with roughly $9 billion in assets and entering Oklahoma.
Monte dei Paschi defence bids lost support from key shareholders
Monte dei Paschi’s proposed acquisitions of Banco BPM and Banca Generali faced new opposition from shareholders controlling significant stakes before a decisive vote on 29 October.
TowneBank agreed to $154 million BlueHarbor acquisition to expand North Carolina footprint
TowneBank agreed to acquire BlueHarbor Bank for about $154 million in cash and shares, expanding its North Carolina franchise through a deal targeted to close in early 2027.
Dutch state announced latest ABN Amro sell-down towards 10.5% stake
The Netherlands announced a fifth market sale plan for ABN Amro depositary receipts, targeting a reduction in the state’s holding from 20.7% to 10.5% as privatisation continued.
MUFG and Danamon proposed new identity for Indonesia’s integrated bank
Danamon and MUFG Indonesia proposed PT Bank MUFG Danamon Tbk as the name of their integrated bank, while keeping completion in 2027 subject to shareholder and regulatory approvals.