State pension fund Government Service Insurance System (GSIS) on Monday accepted the offer of private equity firm Altus Capital Partners Inc to buy its stake in GSIS Family Bank for 501 million pesos ($11.13 million), the Philippine Daily Inquirer reported, quoting a government official.
Altus Capital Partners was the only entity to submit an offer before Monday's deadline for the negotiated sale of the majority stake in the thrift bank. (bit.ly/1K8t80Z)
09:49 Intesa to provide bulk of funds to Glencore for Rosneft deal: sources20
07:53 EFG International to cut up to 450 jobs as part of BSI integration18
10:05 JPMorgan, HSBC, Credit Agricole Fined $521 Million Over Euribor21
02:14 Must-pass spending bill includes money for Flint and path for Mattis confirmation17