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Potential deal activity in the EMEA financial sector through June 2


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Potential deal activity in the EMEA financial sector through June 2

S&P Global Market Intelligence presents In Play Today, a periodic summary of potential deal activity in the financial sectors of Europe, the Middle East and Africa. This summary, which is displayed according to where a target's headquarters is located, is based on information obtained by S&P Global Market Intelligence and may not be inclusive of all potential deal activity.

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* PJSC TAScombank is said to be interested in taking over the assets and liabilities of a fellow Ukrainian lender, the insolvent Diamantbank PJSC.

* Germany's Wüstenrot & Württembergische AG said it is evaluating several options for the future of Wüstenrot Bank AG Pfandbriefbank, including a potential sale of the unit.

* Deutsche Bank AG is reportedly working on a sale of its Polish unit, Deutsche Bank Polska SA. The Polish subsidiary could be valued at 1.7 billion zlotys to 1.8 billion zlotys, while its assets were reported to be worth more than €400 million, according to sources. Potential bidders include Commerzbank AG, parent of mBank SA; Banco Santander SA, which owns Bank Zachodni WBK SA; and Millennium BCP unit Bank Millennium SA.

* Poland's PKO Bank Polski SA is said to be interested in takeovers in the Czech Republic if one of the large local players were to leave the market. Meanwhile, PKO could reportedly divest its 25% stake in Bank Pocztowy SA, although no steps have been taken that would lead to a potential sale.

* Hanover, Germany-based Norddeutsche Landesbank Girozentrale Deputy Chairman Hinrich Holm said the lender would sell Deutsche Hypothekenbank AG only if it would significantly strengthen its capital ratios.

* Banco Bilbao Vizcaya Argentaria SA will reportedly sell its car leasing unit, BBVA Autorenting, to Société Générale SA's ALD Automotive.

* The Shanghai Stock Exchange and Nasdaq Inc. are said to be in talks to acquire stakes in the planned Kazakhstan stock exchange, which is set to be launched in the fourth quarter. The Chinese and U.S. stock exchanges have been in talks for stakes in the planned exchange in the last few months and the results will likely be announced in June, according to the report.

* The shareholders of Russia-based PJSC Asian-Pacific Bank are said to be looking at various options to increase its capital, including attracting an investor to purchase a stake in the bank or the entire company. The shareholders would like to get about 3 billion Russian rubles for their shares in the lender, according to a source close to the bank.

* Austria-based BAWAG P.S.K. is in negotiations to acquire 100% of Stuttgart, Germany-based regional private bank Südwestbank AG.

* Private equity firm BC Partners Ltd. reportedly intends to sell its majority stake in Sabre Insurance, either through a deal with financial buyers or through a stock market listing that could value the car insurance specialist at about £600 million. Warburg Pincus LLC is the front-runner to acquire BC Partners' stake in Sabre Insurance, although other private equity firms are also interested, with first-round bids due for submission during the week of May 22, according to the report.

Rest of the world

* A spokesman for Saudi Arabia-based MedGulf Cooperative Insurance and Reinsurance Co. denied reports that the Saudi-based insurer is contemplating a potential sale of the firm.

* Kuwait-based Noor Financial Investment Co. is said to be considering a sale of its 49% stake in Pakistan-based Meezan Bank Ltd. The potential sale of the stake, valued at about US$375 million at the current market price, is at an initial stage, according to "people familiar with the matter."