SPAIN > The Netherland based Aegon is set to expand its partnership with Banco Santander in Spain investing a total amount of EURO 290 million ($337.4 million) depending upon the performance of the partnership

Aegon logo Aegon is set to expand its partnership with Banco Santander in Spain covering term life and selected lines of non- life insurance following Banco Santander’s acquisition of the Banco Popular franchise in 2017. According to Alex Wynaendts, CEO of Aegon: “I am delighted to announce an expansion of the existing relationship with Banco Santander, which will give us access to More …

SWEDEN > USA based PayPal is set to acquire Sweden based iZettle for $2.2 billion

Paypal logo USA based PayPal Holdings Inc. is set to acquire Sweden based iZettle AB for $2.2 billion. iZettle was supposed to set its prices for an initial public offering the next day. iZettle competes with company such as Square Inc. and Canada’s Shopify Inc. and on May 8 it announced that it was seeking to raise 2 billion kronor($226.6 million) in More …

BANGLADESH > China based Shenzhen Stock Exchange and Shanghai Stock Exchange set to acquire 25% of the Bangladesh based Dhaka Stock Exchange’s 1.8 billion shares for approximately $159 million

DSE logo Rejecting Indian counterpart’s bid, Dhaka Stock Exchange is set to sell its 1.8 billion shares or 25% of the exchange 21 taka ($0.25) per share, around $122 million, during the tender process and pledged additional technical support worth nearly $37 million. National Stock Exchange of India made a lower offer of 15 taka ($0.18) per share. According to bourse’s spokesman More …

SWITZERLAND > Israeli billionaire Marius Nacht is set to invest in Switzerland based banking app Numbrs

Numbrs logo Self- made Israeli billionaire Marius Nacht, is set to invest in a European banking app called Numbrs. Numbrs is based in Switzerland Recently Numbrs has raised a total funding to CHF150m($160.26 million). Marius Nacht is a self-made billionaire with net worth of $1.56 billion and is the co-founder and Chairman of the largest company in Israel, Check Point Software Technologies where he More …

SWITZERLAND > China Construction Bank opens its branch in Zurich, Switzerland

China construction bank logo To open its financial center that will act as European hub for Chinese currency renminbi trading center, China Construction Bank has opened its branch in Zurich, Switzerland. China Construction Bank (CCB) became the first Chinese bank to obtain a Swiss banking license in autumn of 2015. The banking license will enable China Construction Bank to operate as a trading center More …

UK > India based YES BANK is set to open representative offices in UK and Singapore

YES Bank logo The fourth largest private sector bank in India, YES BANK, is set to open two representative offices in London and Singapore after receiving permission from Reserve Bank of India (RBI) to cater to the NON Resident Indian (NRI) population. YES BANK is venturing into international territory to expand services after a first representative office in Abu Dhabi in April 2015. More …

SWITZERLAND > India based Servion acquires Switzerland based Innoveo AG

Servion logo   Everstone Group’s India based company, Servion is set to acquire Zurich based startup Innoveo AG which is a technology platform to help insurers digitalize. Primarily active in India and Southeast Asia, Servion is a company that helps businesses digitalize. According to Puneet Pushkarna, Chairman, Servion Global Solutions and new Chairman of Innoveo AG:  “Innoveo’s cutting-edge solutions, backed by their More …

UK > USA based TransUnion is set to acquire UK based Callcredit for £1 billion ($1.4 billion)

transunion logo Expanding its international position, USA based TransUnion is set to acquire Callcredit Information Group Ltd. which is the second largest and the fastest growing consumer credit bureau in the UK. Callcredit is headquartered in Leeds, UK and was founded in 2000. Callcredit provides data, analytics and technology solutions to help businesses and consumers make informed decisions. According to Jim Peck, More …