Blackstone to acquire NIBC for $1.2bn.

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.