Normality begins to return

Article Abstract:

Within the financial institutions group, the bankign sector was quiet in terms of acquisitions and mergers in November. The Italian banking sector did more another step towards consolidation with the deal between Banca Popolare di Verona an Banca Popolare di Novara Scarl. In the insurance sector, companies in the United States and Europe are estimated to have raised UKPd15 billion in equity since September. Deals in the financial institutions group in November 2001 are listed by European target or acquirer or by non-European target or acquirer.

United States, Europe

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Open season in Scandinavian M and A

Article Abstract:

A surprising number of mergers and acquisitions occurred in the Scandinavian financial services industry during the first three months of 1997. Danish bank Den Danske Bank paid 2.2 billion Danish Krona for Swedish commercial bank Ostgota Enskilda Bank. Nordic commercial bank Svenska Handelsbanken paid 23 billion Danish Krona for credit bank Stadshypotek. Other mergers and acquisitions details are given. Big Nordic banks are listed and compared in value.

Financial Services, Finance and Insurance, Industry Overview, Den Danske Bank AF 1871 A/S, Svenska Handelsbanken AB, Stadshypotek AB, Ostgota Enskilda Bank

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Old Mutual enters US market with US $ 635m acquisition

Article Abstract:

Old Mutual has bid for Fidelity and Guaranty Life Assurance Group in a US$ 635million pound deal. The deal still needs to be approved by the regulatory bodies.

Old Mutual Asset Managers (South Africa) Proprietary Ltd., Fidelity and Guaranty Life Insurance Company

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