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New Deal


Announced

Zhongyuan Bank to merge with Bank of Luoyang, Bank of Pingdingshan and Bank of Jiaozuo China Travel Services.

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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Pending

Majority

Single Bidder

bank

Banks

Private

Acquisition

Domestic

Friendly

China

Synopsis

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Zhongyuan Bank, provider of banking services, agreed to merge with a 3 commercial banks Bank of Luoyang, Bank of Pingdingshan and Bank of Jiaozuo China Travel Services. Financial terms were not disclosed. After the completion of the potential merger, Zhongyuan Bank will continue to expand its business and "enhance the ability of financial services for the economic and social development of the province."

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