NIBC says it will pay 2019 dividend to Blackstone to ensure acquisition

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Dutch bank NIBC Holding NV said late on Monday it has agreed to pay its 2019 dividend to its proposed buyer, U.S. equity firm Blackstone Group Inc , before the deal settles, in order to remove one hurdle to the proposed 1.36 billion-euro ($1.47 billion) takeover.

), before the deal settles, in order to remove one hurdle to the proposed 1.36 billion-euro takeover.

“After further discussions NIBC has now committed to ... pay the dividend before settlement, in order to enable the offeror to pay for the offer at 9.32 euros per share,” the bank said in an after-hours statement.Blackstone is due to submit its request to review the proposed deal to Dutch regulators by Tuesday.

 

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