Credit Suisse First Boston plans to pursue stake in BNL

Article Abstract:

Credit Suisse First Boston, the investment-banking unit of Credit Suisse Group, plans to purchase a 10% stake upon the privatization later in 1998 of Italy's Banca Nazionale del Lavoro. Credit Suisse expressed its desire to establish itself as a primary stockholder at Banca Nazionale del Lavoro, aside from firms such as Banco Bilbao Vizcaya SA of Spain and Istituto Nazionale delle Assicurazioni SpA of Italy. The Italian Treasury is projected to divest in autumn 1998 majority of 85% interest at Banca Nazionale del Lavoro.

Comment:

Plans to purchase a 10% stake upon the privatization later in 1998 of Italy's Banca Nazionale del Lavoro

Investment Banking, Investment banks, Credit Suisse First Boston L.L.C., Banca Nazionale del Lavoro

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Generali, Commerzbank plan deal

Article Abstract:

Commerzbank AG of Germany and Generali Assicurazioni S.p.A. of Italy are projected to disclose their plans to each acquire a $723-million equity stake in each other's respective operations. The planned equity-stake acquisition will enable Commerzbank to assume control over an around-2% interest in the shares of Generali Assicurazioni's stock. The proposed deal will also allow Generali Assicurazioni to emerge as the biggest stockholder at Commerzbank, exercising control over around 5% of Commerzbank's shares of stock.

Comment:

Discloses w/ Commerzbank plans to each acquire a $723-mil equity stake in each other's respective operations

Germany, Insurance, Insurance Carriers and Related Activities, Commerzbank AG, Generali Assicurazioni S.p.A.

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Sanwa plans to purchase 30% stake in Universal Securities from Daiwa

Article Abstract:

Sanwa Bank Ltd. has reached an agreement to acquire a 30% share in Universal Securities Co. from Daiwa Securities Co. Daiwa presently owns 38% of Universal Securities, which Sanwa will make into a important part of its group operations. Sanwa will also strengthen the company's retail asset management business. Sanwa is expected to seek additional acquisitions in the securities industry.

Comment:

Sanwa Bank to acquire a 30% share in Universal Securities from Daiwa Securities

Japan, Securities Dealers, Security brokers and dealers, Abstract, Sanwa Bank Ltd., Daiwa Securities Company Ltd., Universal Securities Corp.

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