Banks
Mercado de Valores de Buenos Aires SA Presents Prospectus On Its Split And Creation Of New Company, Bolsas y Mercados Argentinos SA; BCBA And Merval To Hold 50% In B&MA Equally
Mercado de Valores de Buenos Aires SA (Merval) announced that it has presented the Prospectus, which describes the terms and conditions of the Company’s split, through the creation of a new entity to be called Bolsas y Mercados Argentinos SA (B&MA). The terms were approved by Merval and the Framework Agreement was signed with la Bolsa de Comercio de Buenos Aires (BCBA) on March 1, 2013. Under the terms of the agreement, Merval will split and allocate part of its assets for the establishment of B&MA, whose assets will consist of: all of the shares which are currently held by Merval in la Caja de Valores SA; the amount of ARS 40,000,000, and equipment, software, trademarks, patents and databases of Merval. Furthermore, B&MA will approve a share capital increase for its subscription by BCBA, allowing the latter to hold a 50% stake in B&MA. In addition, BCBA in return, will provide all of the shares it currently holds in la Caja de Valores SA, the amount of ARS 40,000,000, and share parts of Fondos Comunes de Inversion, which represent USD 14,000,000. As a result, the initial share capital of B&MA will be held by the current shareholders of Merval (50%) and BCBA (50%).
Oversea-Chinese Banking Corporation Ltd' SIB Capital Ltd Announces Members' Voluntary Liquidation
SIB Capital Ltd announced that it has passed a special resolution for the members' voluntary winding-up of the Company. The Company is a subsidiary of Oversea-Chinese Banking Corporation Limited. The Statutory Declaration of Solvency of the Company, duly executed by the Board of Directors, in compliance with the Companies Act Cap.50. has been lodged with the Accounting and Corporate Regulatory Authority. The voluntary liquidation of the Company is part of the ongoing rationalisation of the OCBC Group.
FNB United Corp's CommunityOne Bank Announces Completion Of Merger With Bank Of Granite
CommunityOne Bank, N.A., the principal bank subsidiary of FNB United Corp. announced that it had completed the merger of its sister bank, Bank of Granite, into CommunityOne on June 8, 2013. In addition, CommunityOne's Consent Order with the Office of the Comptroller of the Currency (OCC), which was issued on July 22, 2010, has been terminated.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Brown Brothers Harriman & Co.
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$12.00
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Provider: Brown Brothers Harriman & Co.
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$12.00
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Provider: Brown Brothers Harriman & Co.
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$35.00
|
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Provider: Brown Brothers Harriman & Co.
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$35.00
|
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Provider: Swiss Capital
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$92.00
|
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