SEB has received approval from the Norwegian Ministry of Finance for the acquisition of Privatbanken. The confirmation means that all terms and conditions in connection with SEB’s voluntary offer from 6 May 2005 have been fulfilled. As a result, SEB will start proceedings for the acquisition of the shares, convertible debentures and subscription rights for which the bank previously received acceptance in the voluntary offer. SEB will thereby own 67,663,704 shares in Privatbanken equivalent to 98.35 per cent of the outstanding share capital.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.