Blackstone is continuing NBC Business bank takeover

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The American investor, Blackstone, is continuing its bid to take over the Hague’S NBC Business Bank. As for now, 96.25% of the shares have been notified.

According to the parties, all the conditions for a takeover have now been fulfilled. The closing date of the bid is 30 December and the remaining documents can be notified until 11 January. The board of directors and the commissioners are behind the deal, as are the two largest shareholders of NBC. They jointly control over 75% of NBC.

The total price tag that Blackstone, via the vehicle Flora Acquisition, has paid to NBC is over EUR 1 billion. Specifically, investors will receive EUR 7 per share and a final dividend payment of EUR 0.53 per share in 2019.

About the author

Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

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