Bank of East Asia Ltd (BKEAY.PK)
19 Oct 2016
HONG KONG Hong Kong-based Bank of East Asia said it has agreed to sell its share registry arm Tricor Holdings to private equity firm Permira for HK$6.5 billion ($837.91 million) in a deal that will bolster the lender's capital reserve.
* Deal cash to help bank improve capital position (Adds financial details, background, share price)
HONG KONG, Oct 5 Private equity firm Permira has agreed to acquire Hong Kong-based lender Bank of East Asia Ltd's share registry unit Tricor Holdings Ltd for HK$6.5 billion ($837.91 million), the bank said on Wednesday.
* Bank, NWS Holdings and East Asia Secretaries entered into a share purchase agreement with Trivium for sale of all issued shares of Tricor
HONG KONG, Oct 3 Hong Kong stocks rose more than 1 percent on Monday, lifted by gaming shares such as Galaxy Entertainment Group, after the world's biggest casino hub Macau posted a better than expected rise in gambling revenue in September.
HONG KONG Private equity firm Permira has emerged as the preferred bidder to buy Bank of East Asia Ltd's share registry unit Tricor Holdings for between $750 million and $800 million, sources said on Tuesday, after six months of bidding that attracted the interest of top Chinese insurers among others.
* Permira expected to fund deal with $450 mln equity (Adds details of bidding, Elliott Capital Management criticism)
HONG KONG, Sept 27 Private equity firm Permira has emerged as the preferred bidder to buy Bank of East Ltd's share registry unit Tricor Holdings for between $750 million and $800 million, people familiar with the matter told Reuters on Tuesday.
Sept 26 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
Sept 26 The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Monday: