Acquisition costs rise as buyers race for quality

Headline: Acquisition costs rise as buyers race for qualitySource: EuromoneyDate: September 2001Author: Rick Butler Most of the prize assets have been snapped up as bank privatization draws to an end in Europe’s emerging markets. Those banks that remain on offer are getting more pricey. But impending European Union accession for several countries means this is […]

Headline: Acquisition costs rise as buyers race for quality
Source: Euromoney
Date: September 2001
Author: Rick Butler

Most of the prize assets have been snapped up as bank privatization draws to an end in Europe’s emerging markets. Those banks that remain on offer are getting more pricey. But impending European Union accession for several countries means this is still an appealing market and is driving strategic change among both veteran players and big-spending newcomers.

       
Warsaw: consolidation among western banks
is reshaping local markets to the east
In the months since Citibank’s surprise December announcement that it would acquire a majority stake in Poland’s largest trade bank, much has been made of the US bank’s skill and stealth in doing the deal.






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