$9 bln M&A flow in the works

Author: Jamie Coleman | Category: News

Bloomberg reports that Capital One is near a takeover of ING Direct, the US online banking subsidiary of Dutch Bank ING (one of my half-dozen alma maters).

If the deal is all-cash, that would mean a euro-positive M&A flow of EUR 6.4 bln as ING brings the cash home.

Large deals like this take months to close, so the bulk of the flow is someway off but often a portion is hedged early in the process.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose