S&PGlobal Market Intelligence presents In Play Today, a periodic summary ofpotential deal activity in the financial sectors of Europe, the Middle East andAfrica. This summary, which is displayed according to where a target'sheadquarters is located, is based on information obtained by S&P GlobalMarket Intelligence and may not be inclusive of all potential deal activity.
*New-York-based firms WarburgPincus LLC and CenterbridgePartners LP are said to have presented a joint bid of about £400 million forU.K.-based challenger bank Charter Court Financial Services.
*Piraeus Bank SA willdivest its activitiesin Cyprus by mid-summer to shrink its foreign operations, Chairman MichalisSallas reportedly said.
*B&N Bank (PJSC)is reportedly close to acquiring a 49% stake in Russian insurer VSK, in a dealthat could be valued at 7 billion Russian rubles.
*VnesheconombankPresident Sergey Gorkov reportedly met with Ukraine's central bank head,Valeriya Gontareva, to discuss offloading the lender's Ukrainian unit, PSCProminvestbank, as the Russian group plans to exit theUkrainian market in the "foreseeable future."
*Credit Europe BankLtd. reportedly completed the collection of bids from investorsinterested in purchasing it and will select a new owner in a tender, with and among potential buyers. Shareholders of theFiba Holding AS unitare said to have high expectations regarding the price of the bank.
*Old Mutual Plc issaid to be readyingthe sale of Milan-based wealth management unit Old Mutual Wealth Italy, whichmanages some €6 billion of assets and could be valued at up to €300 million.Old Mutual has appointed financial advisory group Rothschild to seek outpotential buyers. Private equity funds CinvenLtd., Apollo Global ManagementLLC and J.C. Flowers& Co. LLC are among firms that have expressed interest in theItalian subsidiary, which is expected to be sold separately from the group'swider wealth management business as it operates as a stand-alone unit.
*French lenders Banque Populairedu Massif Central, Banques Populaires des Alpes and BanquePopulaire de Loire et Lyonnais are said to be a merger. The banks are part of Groupe BPCE.
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