Businessman Vicente Caruz disputes acquisition of Banco París with ICBC
El empresario Vicente Caruz disputa con ICBC para quedarse con Banco París
Intel ID : 228902
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Vicente Cruz, a partner of Norte Sur group and former owner of Banco del Desarrollo, is disputing the acquisition of Chile-based Banco París with China-based Industrial & Commercial Bank of China (ICBC), thus marking his return to the business after selling his stake in Banco del Desarrollo to Scotiabank in 2007, reported Diario Financiero on 3 September, 2015. Cruz's interest hasn't diminished after the five-year period keeping him from returning to the business expired. Thus, he requested a two-week extension to the original deadline to submit bids, which expired last week, while the bank's due diligence is closing. Regarding the price, even though the company has an internal value, it expects interested parties to submit their own bids. The entity launched the sale process months ago (see related intel).
(content in spanish)
Vicente Caruz, socio del grupo Norte Sur, ex dueño de Banco del Desarrollo, es quien disputa al banco chino Industrial & Commercial Bank of China (ICBC) para quedarse con Banco París, marcando así su regreso al sector tras vender en 2007 su participación en Banco del Desarrollo, a Scotiabank, según ha informado Diario Financiero el 3 de septiembre de 2015. El interés del empresario no es menor tras vencerse el plazo de cinco años que les impedía volver al sector, por lo que pidió una extensión de dos semanas al plazo original que vencía la semana pasada para presentar ofertas, mientras terminan de hacer el due diligence al banco. Respecto del precio, aunque la compañía tiene una valorización interna, espera que los interesados hagan su propia apuesta por el banco. La entidad inició un proceso hace meses para la venta del banco (Ver Intels relacionados). |
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25.01.03 Commercial, Retail & Mortgage Banking 25 Financial Services / 25.01 Banking & Investment |
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15.05.11 Multiline Retail (Department, Discount & Convenience Stores) 15 Consumer Products & Services / 15.05 Distribution & Retail |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.