European banks tipped to dispose $45m in PE assets by 2014
European banks could divest up to $45 billion in private equity assets within three years, according to Thomas Liaudet, a partner at Campbell Lutyens. Financial institutions are looking to rid themselves of non-core assets as they restructure their businesses to meet new capital requirements and stricter financial sector regulation.
Assets put up for sale are likely to include investments in private equity funds, direct investments in businesses or stakes that have been taken through debt for equity swaps, Reuters reported. Barclays...
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