NIBC block attracts cornerstone

NIBC, Holland, Bank,
By Sam Kerr
05 Mar 2019

JC Flowers sold an overnight sale of Dutch commercial bank NIBC on Tuesday evening with a cornerstone investor backing the deal.

Morgan Stanley and ING are the bookrunners on the transaction. Morgan Stanley was a global coordinator on NIBC's IPO and ING a bookrunner.

The banks on the deal were mandated to execute the trade and launched the deal at around 5pm UK time after a wall crossing ...

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