KBC has agreed with Ceská pojišt’ovna, the Czech insurer, to buy its 1.13% stake in CSOB, KBC’s banking arm in the Czech Republic. This will increase KBC’s stake in CSOB to 98.58 % and result in Ceská pojišt’ovna exiting the shareholder structure of CSOB. The deal was concluded at the price proposed by KBC for the buy out of minority shareholders. The adequacy of this price was based on expert opinion and confirmed by the Czech National Bank.
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.