Announced
Blackstone to acquire NIBC for $1.2bn.
Financials
Sources
RNS Announcement
NIBC -
Offer Update
NIBC -
Further update on public offer for all NIBC shares
NIBC -
Press Release
NIBC -
Press Release
Blackstone -
Press Release
NIBC -
Press Release
NIBC -
Press Release
Blackstone -
RNS Announcement
NIBC Bank -
RNS Announcement
NIBC -
RNS Announcement
NIBC -
RNS Announcement
NIBC -
Tags
banking
Banks
Netherlands
Acquisition
Friendly
Public
Pending
Single Bidder
Private Equity
Majority
Cross Border
Synopsis
The Blackstone Group agreed to acquire NIBC, a Dutch bank, in a deal that values the lender at $1.24bn. NIBC said its board unanimously recommended the new offer, as it said it still offered the best option available for all parties involved. Majority shareholders JC Flowers and Reggeborgh, which together hold about 75% of NIBC’s shares, have promised to tender their shares at the agreed price.
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