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Claymore/AlphaShares China Real Estate Message Board

shocklord_de 3 posts  |  Last Activity: Aug 12, 2015 4:44 PM Member since: Mar 11, 2005
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  • Reply to

    news is out

    by shocklord_de Aug 12, 2015 4:33 PM
    shocklord_de shocklord_de Aug 12, 2015 4:44 PM Flag

    purchase price around 170 million EUR, mostly assets (loans and various other paper assets), negligible debt.

  • shocklord_de by shocklord_de Aug 12, 2015 4:33 PM Flag

    They bought the "Bawag Malta Bank" from Bawag, an austrian bank mainly controlled by Cerberus.

  • Reply to

    Kellogg & Horn resign from the BOD

    by dickeypiper1 Jul 20, 2015 7:09 AM
    shocklord_de shocklord_de Jul 27, 2015 2:16 AM Flag

    Mr. Miller is still buying and buying. Holds well above 10% now. I still haven't figured out what bank they plan to acquire, but we'll know soon. I thought they may have been interested in Deutsche Forfait AG which is in financial troubles and would fit their profile, but they don't have a banking license. And Kommunalkredit (which I mentioned as a candidate one or two years ago) went to someone else (although there are still lawsuits pending around that purchase, but MFC's not involved). Anyway this banking deal has long been in the making (Smith was talking about it in his CCs already a long time ago) so it must be something very interesting - it is a good sign that they felt confident enough to issue a statement about it.

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