Spain's 'duel of the century'

Article Abstract:

Spain's former finance minister and current chairman of Banco Exterior Miguel Boyer has the apparent advantage in the battle to head Banco Espanol de Credito Central (BECC), Spain's soon-to-be largest bank after the planned merger between Banco Espanol de Credito (Banesto) and Banco Central, S.A. Banesto's current chairman Mario Conde has the support of Banco Central but is presently in disfavor with Madrid's Socialist government, due to his earlier role in frustrating the hostile take-over attempt of Banesto by Banco de Bilbao. Boyer has the support of Alberto Alcocer and Alberto Cortina, two financiers who struck a favorable deal with the Spanish government by bringing in new foreign capital for BECC's new holding company without surrendering management control to foreign investors.

Central Reserve Depository, Management, Conde, Mario, Boyer, Miguel, Banco Espanol de Credito S.A., Banco Central S.A., Banco Espanol de Credito Central

---

UCB sale improves Uganda's profile

Article Abstract:

Westmont Land (Asia) of Malaysia has purchased a 49% share of Uganda Commercial Bank for $5 million and a promised $6 million investment programme. The Ugandan government is planning to privatise its postal and telecommunications utilities. Gabon is planning to sell stakes in its state railway, electricity and water companies. The sale of stakes in Tanzania's National Bank of Commerce has been announced. A South African led group has purchased mining interests in Zambia, for an estimated price of $220 million. Rwanda's health facilities have begun to be privatised.

Securities, Privatization, Privatization (Business), Africa, Tanzania, Rwanda, Uganda, Gabon, Zambia, Uganda Commercial Bank, Westmont Land (Asia)

---

Banks start M&A battle in Slovenia

Article Abstract:

Gorenjska Banka of Slovenia has become the subject of a hostile takeover bid from SKB Banka of Slovenia. Gorenjska is the country's fifth largest bank and SKB the third largest. Regional banks in Slovenia are highly susceptible to takeovers as their shareholders comprise local firms eager to raise funding for new investments via the sale of assets. There has been much merger and acquisition activity within Slovenia's banking industry, although SKB's bid for Gorenjska is the first hostile bid.

Banking Institutions, Depository Credit Intermediation, Banks (Finance), SKB Banka, Gorenjska Banka

Similar abstracts:

• Abstracts: Banking's chequered future. Banking on heroes. Assaulting the Barriers of Swiss Banking Secrecy
• Abstracts: The readability of advertisements and articles in trade journals. Rating Industrial Advertisements
• Abstracts: Structural components of an enterprise culture. Back to basics: reversing corporate diversification. Corporate culture: the role of top management
• Abstracts: Core competences: the key to corporate advantage. Managers who drive their companies mad
• Abstracts: Office space a la carte. Diplomatic discounts. Lost in space

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