Barclays must tread carefully
Can the British bull dog dance the Russian ballet? Barclays Bank, Britain’s third largest bank sure seems to think so, as it enters into a strategic move for expansion in emerging markets by buying up Russia’s Expobank.
Sure enough, it fell flat for its last bidding contest for ABN Amro Holding NV last year (offered $99 billion but lost to Royal Bank of Scotland Group Plc.), but Barclays is not giving up for sure! It has oozed out a whopping $745 million for Expobank, about four times its book value of $186 million, surely a red signal to analysts. Frits Seegers, Chief Executive, Global Retail and Commercial Banking, Barclays, prophesises, “Expobank’s existing relationships and infrastructure create the ideal platform for us to be one of the leading retail and commercial banks in Russia.
Can the British bull dog dance the Russian ballet? Barclays Bank, Britain’s third largest bank sure seems to think so, as it enters into a strategic move for expansion in emerging markets by buying up Russia’s Expobank.
Sure enough, it fell flat for its last bidding contest for ABN Amro Holding NV last year (offered $99 billion but lost to Royal Bank of Scotland Group Plc.), but Barclays is not giving up for sure! It has oozed out a whopping $745 million for Expobank, about four times its book value of $186 million, surely a red signal to analysts. Frits Seegers, Chief Executive, Global Retail and Commercial Banking, Barclays, prophesises, “Expobank’s existing relationships and infrastructure create the ideal platform for us to be one of the leading retail and commercial banks in Russia.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
