Erste's capital hike raised net proceeds of Eur632 million. Erste Bank Group stated that it had a capital increase this month. This was after the group's foundation decreased its stake.
Finance/Venture
AMCON hires Vevita and Citigroup for bank sale
AMCON hired Citigroup and Vevita Capital to handle the sale of three banks owned by Nigeria. The Asset Management Company of Nigeria (AMCON) hired Vetiva Capital, an Africa-focused investment bank and Citigroup to manage the sale of three banks owned by Nigeria.
Investor AB agrees with Altor to list Lindorff
Investor AB, one of the majority shareholders of Lindorff, said it was open to divesting ideas for Lindorff.
NBG to sell stakes in Finansbank
The National Bank of Greece announced plans to sell stakes in Finansbank. The National Bank of Greece (NBG), the country's biggest lender, announced plans to sell of parts of its controlling stake in Finansbank.
Simply Business announces changes in management
Simply Business gets management overhaul after AnaCap Financial Partners took over its reins. AnaCap Financial Partners announced the management takeover of Simply Business, one of the pioneer brokers in commercial insurance in the UK.
Latest News
Interesting investment opportunities are picking up, according to 3i Chief Executive. 3i, a British private equity investor, said Thursday that investment opportunities were starting to pick up.
Egypt will be seeing more investments from Billionaire Naguib Sawiris and his family. Egypt will be seeing more investments from billionaire Naguib Sawaris.
According to the latest data from Dow Jones VentureSource, US venture investment declines. Dow Jones VentureSource, a data service of Dow Jones & Co.
Texas firms took a breather and said “time out” on M&A activity. "Texas followed the nation in taking a breather from M&A activity in the first half of the year," said Chad Watt.
USI Insurance Services announced that it has completed the purchase of Cohen-Seltzer Inc. USI Insurance Services announced that it has completed its purchase of Cohen-Seltzer Inc.
The currency hedging activities together with the Fed Reserve's announcement has a grave effect on the Wisdom Tree Japan Hedged Equity Fund.
Tradition-ICAP's VolCall would provide both electronic brokerage and traditional voice call services for the interdealer broker market.
Rajat Gupta was fined US $13.9 million after court found him guilty of insider trading. Federal authorities ordered a former executive of Goldman Sachs Group Inc.
Harrison Street Real Estate Capital sealed its fourth fund after raising US$750 million from various investors.
