GCS Capital in talks to buy Dexia asset management unit
GCS Capital, a Hong Kong-based private equity firm, is in exclusive talks to buy Dexia’s asset management arm. It is estimated that the deal could be worth EUR500 million, lower than the EUR750 million Dexia was reportedly seeking when it put the asset on the block in June.
The Belgo-French financial group confirmed the negotiations, describing GCS as an "investor supported by institutions with strong financial resources and strategic capabilities." Earlier reports suggested...
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