Close links with the Mittelstand

Article Abstract:

The acquisition of German-based finance company Freyberg Hambos by UK advising company Close Brothers Corporate Finance (CBCF) is expected to lead to more involvement in the European market, according to CBCF chief executive John Llewellyn-Lloyd. Gaining a foothold in the German market is the main aim of CBCF, which plans to target domestic business. The acquisition may lead to employment for UK financers who can speak German.

Commercial Banks, Commercial Banking, Business Financing, Financial services industry, Financial services, Close Brothers Group PLC, Freyberg Hambros

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Barings future unclear after ING buys BHF

Article Abstract:

Ing Barings has bought a 60% stake in BHF Bank for $2.5 billion, having already bought 35% in September 1998. The two banks will be run as separate operations because they are both quite different. ING will deal with multinational corporations amd BHF will deal with the Mittelstand. However, it has not been decided who will manage the company and BHF is determined not to relinquish its brand.

Mergers & Acquisitions, Banking industry, ING Barings N.V., INGB, Berliner Handels-und Frankfurter Bank

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