Sector - Acquisition Financing
SMBC buys RBS aviation business
RBS has agreed to sell its aviation business to Sumitomo Mitsui Banking Corporation for US$7.3bn.
BNY Mellon creates new treasury team
BNY Mellon has established a new treasury services sales team led by Emea sales manager Colin Robertson.
Jumbo loan for dairy consolidation
French dairy group Lactalis has drawn in 12 banks for a €7.5bn facility to acquire its once scandal-hit Italian rival Parmalat.
The funds will also go towards refinancing several of Lactalis’s existing credit lines.
Credit Agricole, HSBC, Natixis and Société Générale are...
Gallagher acquires Singapore broker
Insurance broker Arthur J Gallagher has acquired Singaporean broking house ITI Solutions.
Bank of Beirut moves into Australian market
Bank of Beirut is set to acquire 85% of the shares of Laiki Bank Australia in a bid to expand into Asia Pacific.
Nedbank talks fall through
HSBC has walked away from discussions to purchase a 70% stake in South Africa’s Nedbank for an estimated US$8bn.
ABN Amro funds Korean shipping
ABN Amro has loaned US$53mn to a Panamanian company for the acquisition of a Korean shipping vessel.
HSBC closes in on Nedbank
HSBC has entered into exclusive discussions to buy a 53% stake in South Africa’s Nedbank from its parent company Old Mutual.
Brazil and Portugal look to Africa
Two Brazilian banks have signed a memorandum of understanding with Portugal’s BES to expand business in Africa.
KrisEnergy snaps up Asian acquisitions
Oil and gas company KrisEnergy enlists Standard Bank for Southeast Asia acquisition, writes Michael Turner.
ANZ restructures parts of Asian offering
ANZ in Asia has separated its specialised lending and loan products businesses from its transaction banking business.
Fortis leads ship acquisition syndicate
Fortis Bank Nederland is the mandated lead arranger on a US$100mn syndicated loan facility for the acquisition of two ships by Korean companies.
DB acquires of parts of ABN Amro
Deutsche Bank (DB) has acquired parts of ABN Amro’s commercial banking activities in the Netherlands for €700mn (US$939.2mn), paid in cash.
BBVA raises stake in Chinese partner
In a bid to capitalise on growing trade between Asia and Latin America, Spanish bank BBVA has raised its stake in China Citic Bank (CNCB) to 15%.
Millicom secures refinancing for Central American acquisition
Telecoms firm Millicom International Cellular has obtained a US$250mn syndicated term loan to refinance a bridge loan used to acquire a Central American broadband and cable TV operator.
