Citi expects more HK bank M&A

Citigroup''s head of FIG, Noel Kullavanijaya discusses the prospects for HK bank M&A after the IBA sale.

With the sale of IBA to Taiwan's Fubon - which is expected to close by year end - Hong Kong has had a wave of three bank MA deals. Many believe this is long overdue, but there is also much consolidation ahead. But will the families that control so many of the banks be willing to sell We spoke to Citi's FIG head, Noel Kullivanijaya who advised on the Fubon acquisition.

Is this the start of the consolidation of the banking sector, or is it just foreign stakes being sold and thus a bit of an illusion

Kullivanijaya The recent spate of transactions with Fortis Bank, IBA and Chekiang First...

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