Blackstone’s takeover of NIBC may not pass regulatory stage

Blackstone has stated that its planned $1.47B takeover of NIBC Holding NV, a bank in the Netherlands, may not pass regulatory approval.



“There is substantial uncertainty concerning the business plan and it continuing to be a realistic basis for obtaining regulatory clearance...The relevant regulators have not yet given any indication of their views in this respect.”
Blackstone press release

Blackstone is citing COVID-19 as the reason behind possible regulatory failure. Following the announcement of the uncertain approval, NIBC Holding’s shares fell 18%.

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