Santander wins bidding war for Wirecard’s core EU business

Santander wins bidding war for Wirecard’s core EU business

The remaining assets of Wirecard’s core European business have been sold off to Spanish lender Banco Santander, following an “intense investor process” during the insolvency proceedings of the collapsed fintech firm. Santander will acquire the assets of Wirecard’s...
Co-op Bank receives approach from private equity bidder

Co-op Bank receives approach from private equity bidder

The Co-operative Bank said it had received a takeover approach from an unidentified private equity bidder, the latest in a flurry of potential deals in the struggling European financial sector. The UK lender announced on Tuesday that it had received a non-binding...
Russian ecommerce group Ozon files for IPO valued at up to $5.6bn

Russian ecommerce group Ozon files for IPO valued at up to $5.6bn

Russian ecommerce group Ozon will file paperwork on Tuesday to go public in the US at a valuation of $4.6bn to $5.6bn, according to two people familiar with the plans. Ozon is seeking to raise between $750m and $1bn from the initial public offering on the Nasdaq...