Czech Republic: Local banks get fit

Article Abstract:

The Czech Republic banking sector is to undertake a programme of strategic mergers and acquisitions in an attempt to compete with Investicni a Postovni Banka, which was purchased by Japanese-based Nomura International at the beginning of 1998. The European Bank for Reconstruction Development is backing the privatization plan, promising an investment of up to 300 million Ecus, which is expected to speed up the programme. Assets of over 10 million pounds sterling will be controlled by a merger between three domestic pension fund companies, forming Vojensky Otevreny Penzijny Fond.

Finance, Investments, Czech Republic, European Bank for Reconstruction and Development, Vojensky Otevreny Penzijny Fond

---

Diary of a deal

Article Abstract:

The share price of UK sport retailer JJB Sport increased 31 pence after hints were given out in a national Sunday paper indicating JJB planned to become involved in a large purchase. The price rose a further 27 pence two days after the press announcement. Sports Division floatation price was put at 350 million pounds sterling on the Wednesday after the first announcement. Press speculation suggests the purchase of Sports Division by JJB Sports will introduce a high quality but cheaper element into the sport retail market.

Sporting and athletic goods, not elsewhere classified, Sporting and Athletic Goods Manufacturing, Sporting & Athletic Goods, Sporting goods, JJB Sports PLC, Sports Division

---

Boutiques go for global coverage

Article Abstract:

A single organisation has been created from the newly announced a merger between M&A International and M&A Partners, providing a greater emphasis on the development of information technology within the middle market sector. The new company will consist of 36 boutiques, mainly from the US. The middle mergers and acquisitions market is valued at 3.5 billion between January 1999 and October 1999.

M&A International, M&A Partners

Similar abstracts:

• Abstracts: International brands feature ads capitalizing on Chinese language. MTV shuffles its lineup
• Abstracts: Speciality coffee bars. Cafe & bar catering. Instant coffee
• Abstracts: Merchant adventure. Machine for dancing in
• Abstracts: Indonesia: a poisoned chalice? Cautious optimism over test fallout
• Abstracts: The Spanish market for bath & shower products. Textile washing products: company profiles: Unilever PLc. The Italian market for surface cleaners

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.