trending Market Intelligence /marketintelligence/en/news-insights/trending/mcgdlgipzsqso-subeta2g2 content esgSubNav
In This List

Republic Financial in talks to acquire Cayman National

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Republic Financial in talks to acquire Cayman National

Republic Financial Holdings Ltd. has entered talks to potentially acquire, through its subsidiary Republic Bank Trinidad and Tobago (Bardados) Ltd., a stake of at least 51% and up to 74.99% in Cayman National Corp. Ltd., the parties said in separate filings.

The potential acquisition would be carried out through a tender offer to Cayman National shareholders, with Republic Financial eyeing an indicative price between US$6.00 and US$6.75 per Cayman National share.

The prospective offer is subject to several conditions, including, among others, a due diligence exercise for the potential purchase, approval from Republic Financial's board and recommendation from the Cayman National board.

Cayman National is the parent of Cayman National Bank Ltd.