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New Deal


Announced

ANSA Merchant Bank to acquire Trinidad and Tobago operations of Bank of Baroda.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Pending

Banks

bank

Majority

Single Bidder

banking platform

Friendly

Trinidad and Tobago

Private

Synopsis

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ANSA Merchant Bank, a Trinidad and Tobago-based provider of Auto Financing, Asset finance, Investment services, and merchant banking services, is set to acquire the Trinidad and Tobago operations of Bank of Baroda. Financial terms were not disclosed. The transaction is subject to the approval of the Central Bank of Trinidad and Tobago. “We have had a long and successful tenure in Trinidad and Tobago and will look forward to a disruption-free service to the valued customers of BOBTTL. Bank of Baroda stays committed to maintaining its existing international relationships,” said Murali Ramaswami, Bank of Baroda Executive Director.

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