Daewoo coming to market
(South Korea) – The Korean government is looking to sell 15-20 percent of its stake in Daewoo Shipbuilding and Marine Engineering (DSME) later this year.JP Morgan is rumoured […]
(South Korea) – The Korean government is looking to sell 15-20 percent of its stake in Daewoo Shipbuilding and Marine Engineering (DSME) later this year.JP Morgan is rumoured […]
(Singapore) – United Overseas Bank (UOB), Singapore’s biggest domestic lender, has completed its merger with Overseas Union Bank (OUB) ahead of time.Full operational integration between the two banks […]
(South Korea) – Key Kookmin Bank shareholder, Goldman Sachs, is selling half its 6.82 percent shareholding in South Korea’s biggest lender.Goldman is converting its 11 million shares in […]
(Indonesia) – The Indonesian Government has cancelled its planned auction of a 51 percent stake in state-controlled Bank Niaga, blaming poor bidding but is still looking to sell […]
(Philippines) – Citibank is reportedly looking at acquiring three possible local Philippine savings banks as a means of expanding its retail banking business in the country.The Bank is […]
(Indonesia) – Two consortia have qualified for final bids to buy a 51 percent stake in state-controlled Bank Niaga according to the Indonesian Government.Australia’s ANZ bank leads one […]
(Australia) – Australia’s ANZ Bank is shortlisted in a US$1.5 billion bidding battle for electricity retailer CitiPower.The Bank is reportedly in partnership with the UK’s energy group International […]
(South Korea) – Banks in South Korea continue to explore a new round of mergers, as the needs for scale and consolidation become ever stronger.Shinhan Bank for example […]
(South Korea) – South Korea’s Kookmin Bank along with two other banks are again looking at a take over of Daewoo Securities.Daewoo Securities has essentially been for sale […]
(Malaysia) – Minnow Malaysian retail bank Utama Banking has won control of RHB, Malaysia’s third biggest lender, buying out Abdul Rashid Hussain and Malaysian Resources Corp Bhd in […]