Hints and tips:
...Oddo Bhf analysts say this “still looks like a lose-lose situation” as there isn’t an “easy way towards a resolution of the current governance tensions”....
...The $3bn loan facility will last for four years and was led by Deutsche Bank and another arranger that has asked not to be named, and syndicated among more than 25 other banks, the company said....
...As for its equities business, a looming “partnership” with French-German rival Oddo BHF suggests that Commerzbank will have fewer surprises, either way, from market movements....
...Earlier this week it also announced it will team up with French-German rival Oddo BHF in equity brokerage and equity research in a step that it said would “[reduce] costs and complexity while improving the...
...The financial statements show that the transfer affects about $200m of net assets held by Credit Suisse (Deutschland) Aktiengesellschaft, which have been moved from Credit Suisse’s wind-down unit to IBCM...
...Analysts welcomed the African bank plan. Vincent Maulay, at Oddo BHF, said it was “a natural move for Orange because clearly they already are familiar with Orange Money for cash transfers in Africa”....
...He previously worked for Oddo BHF AM. • Nucleus, the investment platform operator, has hired Valerie Rogerson to lead its client relations team. She joins from Standard Life Aberdeen....
...Under German law, external investors in a KGaA, as well as worker representatives, have less say than in a normal listed company, or Aktiengesellschaft....
...Franco-German Oddo BHF and the mid-sized Swiss private banks have over €100bn each. So too does Edmond de Rothschild, the Swiss-listed company chaired by Mr de Rothschild’s cousin....
...“GE is making clear they are not willing to pay more and prolong the acceptance period,” said Thomas Effler, analyst at BHF-Bank Aktiengesellschaft....
...Shortly afterwards, it pulled out of plans to buy BHF Kleinwort Benson, the UK merchant Bank and in February, dropped plans to buy Phoenix, the Israeli insurer....
...Shortly afterwards, his firm dropped plans to buy BHF Kleinwort Benson, the UK merchant bank, and in February cancelled plans to buy Phoenix, the Israeli insurer....
...“Buying BHF will make us a key player in the eurozone and the area’s largest private bank by assets,” Philippe Oddo, chief executive, told the Financial Times....
...Until last year, the UK bank was owned by RHJ, the Belgian-listed private equity outfit run by Lenny Fischer, a former Dresdner executive. He oversaw its merger with BHF, a German private bank....
...Oddo said it would sell Kleinwort Benson, which it valued at about £190m, when it saw off a rival bid from China’s Fosun International for its Belgian-listed owner BHF, which also owns a German private bank...
...merchant bank....
...The writer was until April chief executive at BHF Kleinwort Benson Group Letter in response to this article Apply geometry to the migration problem, too / From Alastair Forsyth...
...In a separate bidding war for BHF Kleinwort Benson, the London merchant bank, Fosun is likely to lose out to Oddo & Cie, the French private bank....
...BHF, a once upstanding German bank, was similarly hurt by a roster of ownership changes (ING, Sal Oppenheim, Deutsche) before RHJ folded it into Kleinwort....
...In a separate bidding war for BHF Kleinwort Benson, the London merchant bank, Fosun is likely to lose out to French private bank Oddo & Cie....
...It was also one of the bidders in the aborted auction for Portugal’s Novo Banco and is also bidding on German private bank Hauck & Aufhäuser and BHF Kleinwort Benson....
...The Belgian group was created by last year’s €340m takeover of German private bank BHF by RHJ International, the little-known investment vehicle that bought Kleinwort Benson for £225m in 2010....
...As well as Kleinwort Benson, one of the City of London’s oldest names in finance, the Belgian-listed company also owns a banking licence through its acquisition last year of BHF, the German private bank....
...In December, it dropped its €5.10 per share takeover offer for London merchant bank BHF Kleinwort Benson in the wake of Mr Guo’s four-day disappearance, and following a €5.75-a-share counter bid from French...
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