State Street Buys Intesa Securities Unit For $1.87B
State Street said it expects to support the acquired Intesa Sanpaolo securities services balance sheet with approximately €560 million ($800 million) of capital at the deal's closing.
Under the agreement, State Street will acquire the global custody, depository banking, correspondent banking and fund administration portions of Intesa Sanpaolo's securities services business, which has operations in Italy and Luxembourg. 2009 revenues...
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