Bullboard - Stock Discussion Forum Apollo Investment Corporation 6.875% Senior Notes due 2043 AIY

Financial Services Asset Management

Apollo Investment Corp is US-based closed-end non-diversified management investment company. The company's investment objective is to generate current income and capital appreciation. It mainly invests in various forms of debt investments such as secured and unsecured debt, loan investments and equity in private middle-market companies as well as public companies and in structured products. The... see more

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Apollo Investment Corporation 6.875% Senior Notes due 2043 > Santander Purchases Pieces of AIB

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Post by takeoverchatter on Sep 12, 2010 8:44pm

Santander Purchases Pieces of AIB

"Allied Irish Banks (AIB) sells a 70% stake in Bank Zachodni WBK, from Poland, to Banco Santander. The Spanish bank agreed to pay $3.7B for AIB's assets. Banco Santander has been on a tear diversifying its business in recent months, picking up struggling banking businesses from all over the world. The bank recently bought over 300 branches from the Royal Bank of Scotland for $558M. Upon the news of picking up these Polish assets, Allied Irish Banks stock price jumped 8% in afternoon trading."

From: www.takeoverchatter.com

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