M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Nuveen Completes Schroders Acquisition, Creating $2.6 Trillion Global Investment Group
Nuveen completed its acquisition of Schroders, creating a $2.6 trillion asset manager operating in more than 40 markets, with Schroders to operate separately for 12 to 18 months while integration planning proceeds.
Egypt’s MNT-Halan planned 20% flotation on Cairo bourse in October
Egyptian fintech MNT-Halan said it planned to sell 320 million shares, representing 20% of its capital, through public and private offerings, subject to regulatory approvals and market conditions.
CMA set remedy deadline for Brink’s $6.6 billion NCR Atleos acquisition
The UK CMA found competition concerns in Brink’s $6.6 billion NCR Atleos acquisition, giving the companies until 7 October to offer remedies before a possible Phase 2 investigation.
Nubank said it was not pursuing a transaction with Monzo
Nubank said it was not pursuing a transaction with Monzo, after reports of early-stage talks that could have valued the British digital bank at £8 billion to £10 billion.
Standard Bank Angola Shares Begin Trading on BODIVA After State Sale
Standard Bank Angola has joined BODIVA's equity market after the state sold 34% of the lender, completing a planned listing milestone and making its shares available for regulated secondary trading.
Nubank and Monzo reportedly entered talks over £8–10 billion valuation
Nubank and Monzo reportedly entered preliminary acquisition talks at an £8 billion to £10 billion valuation, although neither company announced an agreement or approved transaction.
Angola Raised Kz208.5 Billion from Completed Standard Bank Stake Sale
Angola completed the sale of its 34% Standard Bank Angola stake for Kz208.5 billion, bringing 6,215 new shareholders into the lender after demand exceeded supply.
Temasek deepened Italian private-equity exposure with 9% FSI management stake
Singapore’s Temasek acquired 9% of Italian growth-equity manager FSI and committed capital to future funds, deepening a partnership around a platform managing about €5 billion.
Erste Group planned tender to lift Erste Bank Polska stake to as much as 75%
Erste Group plans to offer about PLN713 per share for up to 26% of Erste Bank Polska, seeking ownership above 50% but no higher than 75%.
Argentina approved Revolut’s acquisition of Banco Cetelem from BNP Paribas
Argentina’s central bank approved Revolut’s acquisition of Banco Cetelem from BNP Paribas, allowing the fintech to proceed towards completion while its public customer launch remains pending.
Commerzbank Chief Outlined Three Options for a UniCredit Tie-Up
Commerzbank chief executive Bettina Orlopp outlined three possible routes for a tie-up with UniCredit, including a share-funded sale of German unit HVB to Commerzbank among the structures under discussion.
Binance buys $100 million Circle stake and expands five-year USDC partnership
Binance invested $100 million in USDC issuer Circle and expanded a five-year commercial partnership intended to increase stablecoin use across the exchange’s products and markets.