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Special focus: Sub-prime and leveraged loans

Special focus: Sub-prime and leveraged loans

Follow the buildup to today's subprime and leveraged loan problems.

FX poll 2008:

FX poll 2008:

FX moves to centre stage

Wednesday, July 2, 2008

Allied Irish Banks demands antitrust approval for BACB.





Allied Irish Banks demands antitrust approval for BACB. Allied Irish Banks has asked the state antitrust commission to approve the acquisition of 49.99% of the Bulgarian American Credit Bank (BACB) from the Bulgarian-American Investment Fund, a note on the website of the commission reads. All interested parties are invited to submit opinions in a week. The deal, valued at EUR 216.2mn, secures a solid controlling stake of Allied Irish Banks in BACB in view of the 25% free-float of the latter. BACB is a medium-sized bank for the standards of the local market with high exposure to mortgage lending and private equity operations with high returns rates.







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