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New Deal


Announced

Completed

Mirae Asset Group completed the acquisition of Sharekhan from BNP Paribas for $370m.

Financials

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Transaction Value£291m
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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brokerage

India

Diversified Financials

Acquisition

Cross Border

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Mirae Asset Group, an investment banking and stock brokerage company, completed the acquisition of Sharekhan, an Indian retail brokerage full-service brokerage firm, from BNP Paribas, a French multinational universal bank and financial services holding company, for $370m. "With the acquisition of Sharekhan, Mirae Asset Securities has seized the opportunity to predominate the brokerage business in India, which will show long-term growth. We plan to create synergy with Mirae Asset Global Investments, the only foreign asset manager in India,” Mirae Asset Group.

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