2023-06-20 22:00:54
The “holding” company fought; One of the largest holding companies in the region, it is in initial discussions for the purpose of acquiring Lazar, which is classified as the largest independent investment bank in the world.
According to the Financial Times, quoting informed sources, officials from the Holding Company, which is the third largest sovereign investment fund in Abu Dhabi, met with their counterparts in Lazar a few months ago, and the two sides engaged in discussions regarding the acquisition of The ancient bank that was founded in New York 175 years ago. The agency reported that the talks failed due to differences between the two parties regarding the future of Lazar’s independence.
It is worth noting that the market value of Lazar Bank is $3.6 billion. The bank owns an asset management unit that manages assets globally with a total value of regarding $235 billion. The value of “Lazar” shares declined in the current year by 7.4%.
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#acquisition #Lazar #failed
