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Ulster Bank set to exit Irish market after more than 160 years


Ulster Bank set to exit Irish market after more than 160 years
Goldman Sachs engaged with number of parties interested in elements of loan book
Wed, Feb 17, 2021, 09:05
Updated: Wed, Feb 17, 2021, 21:52
An announcement is scheduled to be made on Friday morning as the UK group reports annual results. File photograph: Nick Bradshaw
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The board of NatWest is set to decide on Thursday evening on a proposal to wind down Ulster Bank in the Republic after more than 160 years in the market, setting the stage for a likely break-up of the lender’s €20.5 billion loan book, according to sources. ....

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Dublin-based Depfa to be bought by Austria's Bawag


 
Dublin-based Depfa Bank is set to be bought by Austrian lender Bawag from a German State bad bank for an undisclosed sum and will continue the orderly winddown of the business.
Bawag said that it will be able to make money from continuing to run down the former public-sector lender’s low-risk assets. It would also give the Vienna-headquartered bank access to Depfa’s excess capital reserves, according to industry observers.
“The acquisition of Depfa represents an attractive and capital accretive investment opportunity,” said Anas Abuzaakouk, chief executive of Bawag. “This allows us to acquire high-quality low-risk assets, leverage our balance sheet, and draw upon on our existing infrastructure and operational capabilities.” ....

Anas Abuzaakouk , German State , Hypo Real Estate , Financial Services , Christoph Mueller , Michael Kemmer , German Government , Depfa Bank , Fms Wertmanagement , Fms Wm , Lehman Brothers , Dublin Ie , ஜெர்மன் நிலை , நிதி சேவைகள் , கிறிஸ்டோஃப் முல்லர் , மைக்கேல் கெம்மேர் , ஜெர்மன் அரசு , ஃப்ம்ஸ் வம் , லெஹ்மன் சகோதரர்கள் , டப்ளின் அதாவது ,

Bid to take Dorel private abandoned by Cerberus, controlling shareholders


The Globe and Mail
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Private equity giant Cerberus Capital Management and the founders of Dorel Industries Inc. have pulled the plug on their effort to take the Canadian consumer products company private following what appears to be insurmountable opposition to the proposal from shareholders.
The outcome thrusts the spotlight back onto Dorel chief executive Martin Schwartz and other founders, who now face increased investor expectations to build on COVID-19 sales gains and bring the company’s three different business lines back to steady profit growth. It also raises questions about whether Mr. Schwartz and his family, who control Dorel through multivoting shares, still harbour a desire to pursue a similar transac ....

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