Exclusive: Permira nearing deal to buy Bank of East Asia's Tricor unit - sources

Exclusive: Permira nearing deal to buy Bank of East Asia's Tricor unit - sources
 

Private equity firm Permira has emerged as the preferred bidder to buy Bank of East Asia Ltd's share registry unit Tricor Holdings for between $750 million (576.97 million pounds) and $800 million, sources said on Tuesday, after six months of bidding that attracted the interest of top Chinese insurers among others.
No deal has been signed yet but Permira and Bank of East Asia are in advanced talks to reach an agreement, people familiar with the matter said.
Wide interest in the auction and Permira's robust bid reflect the scarcity of sizeable deals for private equity firms, which are... read more

 
28 September 2016 in Business, Views: 45
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31